(1 point) Your rich uncle bequests to you a continuous, constant income stream of $6000 per year for the next 10 years. The terms of the bequest require that this income stream be paid continuously into a specific savings account that will not be available to you for 10 years. This account earns 5.2% interest, compounded continuously. What is the present value of the bequest

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03-05-2021
Business

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(1 point) Your rich uncle bequests to you a continuous, constant income stream of $6000 per year for the next 10 years. The terms of the bequest require that this income stream be paid continuously into a specific savings account that will not be available to you for 10 years. This account earns 5.2% interest, compounded continuously. What is the present value of the bequest

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