Solved: Present Value In Exercises 109 and 110, find the present value of a continuous
Chapter 8, Problem 109(choose chapter or problem)
In Exercises 109 and 110, find the present value P of a continuous income flow of c(t) dollars per year if
\(P=\int_{0}^{t_{1}} c(t) e^{-r t}\ d t\)
where t1 is the time in years and r is the annual interest rate compounded continuously.
c(t) = 100,000 + 4000t, r = 5%, t1 = 10
Equation Transcription:
Text Transcription:
P=integral_0 ^t_1 c(t)e^-rt dt
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