The present value of a perpetual stream of income that flows continually at the rate of P(t) dollars per year is given by the formula
?
?
where r is the interest rate compounded continuously. Using this formula, find the present value of a perpetual net income stream that is generated at the rate of
?
?
dollars per year.
?
Hint: 
.
?
A. 
B. ?
C. ?
D. ?
E. ?
Answer: B
You might also like to view...
Answer the question about the promissory note given.-----------------------Promissory Note------------------------March 12Ninety days after date above, I promise to pay to the order of Thomas Ronney $780 dollars and no cents with interest at 11% per year, payable at Nations Bank Abercorn Branch.Due: June 10 Signed: Fred Nester--------------------------------------------------------------What is the maturity value of the note?
A. $865.80 B. 11% per year C. $801.45 D. $780 and no cents
Round the decimal to the given place value.79.8135 (nearest thousandth)
A. 79.804 B. 79.814 C. 79.824
Find the numbers at which f is continuous. At which numbers is f discontinuous?f(x) = 4x2 - 3x
A. continuous for all real numbers except x = 
B. continuous for all real numbers
C. continuous for all real numbers except x = 4
D. continuous for all real numbers except x = - 
Use the order of operations to simplify the expression.9 ? 7 - 8
A. 9 B. 504 C. 55 D. 71