Question

Find the present value P of a continuous income flow of c(t) dollars per year using...

Find the present value P of a continuous income flow of c(t) dollars per year using

P =

t1 c(t)e−rt dt,
0

where t1 is the time in years and r is the annual interest rate compounded continuously. (Round your answer to the nearest dollar.)

c(t) = 100,000 + 4000t, r = 5%, t1 = 8

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