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Question
Present Value of a Continuous Stream of Income. An electronics company generates a continuous stream of income of
million dollars per year, where t is the number of years that the company has been in operation. Find the present value of this stream of income over the first 9 years at a continuous interest rate of 12%. Round answer to one decimal place.A) $143.7 million
B) $81.6 million
C) $182.7 million
D) $343.2 million
E) $85.8 million
Answer
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