Multiple Choice
An investment will generate income continuously at the constant rate of $1,100 per year for 5 years.If the prevailing annual interest rate remains fixed at 6% compounded continuously,what is the present value of the investment?
A) $6,044.13
B) $47.52
C) $4,751.67
D) $475.17
Correct Answer:
Verified
Correct Answer:
Verified
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