Find the Total Value of the Given Income Stream and Also

question 78

Essay

Find the total value of the given income stream and also find its present value (at the beginning of the given interval) using the given interest rate.
​ $R ( t ) = 90,000 + 2,000 t$ , $0 \leq t \leq 15$ , at 11%
​
Please enter your answer in the form TV = , PV = . Give the answer to the nearest cent if necessary.
​
TV = $__________ PV = $__________

---

Definitions:

Economies Of Scale

The property whereby long-run average total cost falls as the quantity of output increases.

Competition

The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix: price, product, distribution, and promotion.

Business-stealing Externality

A situation where a new entrant in a market captures a portion of the incumbent firms' customers, causing economic losses to existing businesses.

Product-variety Externality

An economic effect where the variety of products available in the market impacts the welfare of consumers, often positively.