Present Value of a Continuous Stream of Income. An electronics company generates a continuous stream of 4t income of million dollars per year, where t is the number of years that the company has been in operation. Find the present value of this stream of income over the first 15 years at a continuous interest rate of 10%. Round answer to one decimal place.
?
A. $407.2 million
B. $176.9 million
C. $497.3 million
D. $1296.3 million
E. $324.1 million
Answer: B
You might also like to view...
Solve the problem.An office manager needs to buy new filing cabinets. Cabinet A takes up 8 square feet of floor space. Cabinet B takes up 4 square feet of floor space. The office has room for no more than 32 square feet of cabinets. Thus, 
where x is the number of A cabinets and y is the number of B cabinets. Does the office have enough floor space for 3 A cabinets and 4 B cabinets?
A. Yes B. No
Translate the phrase; then simplify.Find the sum of -61 and -79.
A. 140 B. -18 C. 18 D. -140
Solve the problem.The sum of the squares of two numbers is 97. The difference of the two numbers is -5. Find the two numbers.
A. -4 and 9 or -9 and 4 B. -9 and -4 C. 4 and 9 or -9 and -4 D. 4 and 9
Graph the function.f(x) = 
A. 
B. 
C. 
D. 