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Suppose an Investment Is Expected to Generate Income at the Rate

Question 152

Multiple Choice

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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