A Continuous Income Stream Has an Annual Rate of Flow

question 292

Multiple Choice

A continuous income stream has an annual rate of flow at time t given by (dollars per year) . Find the present value of this income stream for the next 9 years, if the money is worth 4% compounded continuously. Round to the nearest dollar. ​

• A) $47,664
• B) $107,767
• C) $178,262
• D) $147,471
• E) $81,028

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Definitions:

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