An investment will generate profit, t years from now, at the rate of f (t) = 18000 + 1200
Question: Problem 7.
An investment will generate profit, t years from now, at the rate of f (t) = 18000 + 1200t dollars per year. If the profit is generated in perpetuity and the prevailing annual interest rate remains fixed at 3% compounded continuously, what is the present value of the investment?
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Solution: The solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
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