Find the present value of the machine

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Reference no: EM131798758

Question: Present value Suppose that the production of a machine used to mine coal is considered as a continuous income stream with annual rate of flow at time t given by f(t) = 280,000 - 14,000t (dollars per year) If money is worth 7%, compounded continuously, find the present value of this machine over the next 8 years.

Reference no: EM131798758

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