Solved: Present Value A business is expected to yield a continuous flow of profit at the
Chapter 6, Problem 39(choose chapter or problem)
Present Value A business is expected to yield a continuous flow of profit at the rate of $500,000 per year. If money will earn interest at the nominal rate of 9% per year compounded continuously, what is the present value of the business (a) for 20 years and (b) forever? (Present value is defined in Section 6.2.)
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer