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    Present/Future value

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    www.Homework Set 17: Problem 4 Section 6.3, Problem 5 Section 6.3, Problem 6 Section 6.3

    Section 6.3: Problem 4 pg. 288

    4. Find the present and future values of an income stream of $12,000 a year for 20 years. The interest rate is 6%, compounded continuously.
    Present value =
    C = Cash flow per period
    i = interest rate
    n = number of ...

    Solution Summary

    The solution finds the present and future values of an income stream of $12,000 a year for 20 years.

    $2.19