Multiple Choice
An investment will generate income continuously at the constant rate of $1,500 per year for 5 years. If the prevailing annual interest rate remains fixed at 13% compounded continuously, what is the present value of the investment?
A) $551.49
B) $55.15
C) $6,688.26
D) $5,514.86
Correct Answer:
Verified
Correct Answer:
Verified
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