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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