Solved

Find the Total Value of the Given Income Stream and Also

Question 78

Essay

Find the total value of the given income stream and also find its present value (at the beginning of the given interval) using the given interest rate.
R(t)=90,000+2,000tR ( t ) = 90,000 + 2,000 t , 0t150 \leq t \leq 15 , at 11%

Please enter your answer in the form TV = , PV = . Give the answer to the nearest cent if necessary.

TV = $__________ PV = $__________

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions