A commercial property generates income at the rate R(t). Suppose that R(0) =
Chapter 5, Problem 48(choose chapter or problem)
A commercial property generates income at the rate R(t). Suppose that R(0) = $70,000/year and that R(t) increases at a continuously compounded rate of 5%. Find the PV of the income generated in the first 4 years if r = 6%.
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