Suppose an investment is expected to generate income at the rate of
Dollars/year for the next 6 years. Find the present value of this investment if the prevailing interest rate is 4% /year compounded continuously. Round your answer to the nearest dollar.

A) $1,601,531
B) $1,595,954
C) $1,600,291
D) $1,602,431

Question

Suppose an investment is expected to generate income at the rate of ​  ​
Dollars/year for the next 6 years. Find the present value of this investment if the prevailing interest rate is 4% /year compounded continuously. Round your answer to the nearest dollar.
​
A) $1,601,531 
B) $1,595,954 
C) $1,600,291 
D) $1,602,431

Quizplus · Accepted Answer

The Answer of Suppose an investment is expected to generate income at the rate of ​  ​
Dollars/year for the next 6 years. Find the present value of this investment if the prevailing interest rate is 4% /year compounded continuously. Round your answer to the nearest dollar.
​
A) $1,601,531 
B) $1,595,954 
C) $1,600,291 
D) $1,602,431

Suppose an Investment Is Expected to Generate Income at the Rate