Suppose that the profit from a machine's production can be considered as a continuous income stream with annual rate of flow at time t given by
(dollars per year) . If money is worth 14%, compounded continuously, find the present value of this stream over the next 5 years. Round your answer to the nearest dollar.
A) $26,730
B) $52,226
C) $35,579
D) $28,485
E) $39,326
Correct Answer:
Verified
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