Present Value of a Continuous Stream of Income. An electronics company generates a continuous stream of income of $4 t$ 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 9 years at a continuous interest rate of 12%. Round answer to one decimal place.
A)$143.7 million
B)$81.6 million
C)$182.7 million
D)$343.2 million
E)$85.8 million

Question

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The Answer of Present Value of a Continuous Stream of Income. An electronics company generates a continuous stream of income of $4 t$ 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 9 years at a continuous interest rate of 12%. Round answer to one decimal place.
A)$143.7 million
B)$81.6 million
C)$182.7 million
D)$343.2 million
E)$85.8 million

Present Value of a Continuous Stream of Income 4t4 t4t Million Dollars Per Year, Where T Is the Number of Company

Present Value of a Continuous Stream of Income $4 t$ Million Dollars Per Year, Where T Is the Number of Company