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An Investment Will Generate Income Continuously at the Constant Rate

Question 36

Multiple Choice

An investment will generate income continuously at the constant rate of $2,300 per year for 5 years. If the prevailing annual interest rate remains fixed at 10% compounded continuously, what is the present value of the investment?


A) $9,049.79
B) $904.98
C) $90.50
D) $11,191.41

Correct Answer:

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