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Suppose an Investment Is Expected to Generate Income at the Rate

Question 17

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Suppose an investment is expected to generate income at the rate of Suppose an investment is expected to generate income at the rate of dollars/year for the next 6 years.Find the present value of this investment if the prevailing interest rate is 8% / year compounded continuously.Round your answer to the nearest dollar. A) $950,930 B) $953,042 C) $951,802 D) $957,375 dollars/year for the next 6 years.Find the present value of this investment if the prevailing interest rate is 8% / year compounded continuously.Round your answer to the nearest dollar.


A) $950,930
B) $953,042
C) $951,802
D) $957,375

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