An Investment Will Generate Income Continuously at the Constant Rate

question 39

Multiple Choice

An investment will generate income continuously at the constant rate of $1,100 per year for 5 years.If the prevailing annual interest rate remains fixed at 6% compounded continuously,what is the present value of the investment?

• A)$6,044.13
• B)$47.52
• C)$4,751.67
• D)$475.17

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Definitions:

Right Of Privacy

embodies the belief that individuals have the right to personal privacy, which is not explicitly stated in the constitution but has been interpreted through various amendments.

Equal Protection Clause

A clause in the Fourteenth Amendment of the U.S. Constitution that requires states to provide equal protection under the law to all persons within their jurisdiction.

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The National Security Agency, a U.S. government entity responsible for global monitoring, collection, and processing of information and data for foreign and domestic intelligence and counterintelligence purposes.