Business
Business, 02.03.2020 22:57, driskell3

The productivity of a certain piece of manufacturing equipment is expected to decline at a constant rate with age from an initial value of $500,000 at time 0, to a final value of $40,000 at the end of year 3. If interest is compounded continuously at a nominal annual rate of 11%, determine the present value of this continuous cash flow

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