Question

The future value of a continuous income stream of $500 per year over the next 10 years, assuming an annual interest rate of 4% compounded continuously is

Answer 1

\[a)\int\limits_{0}^{20} 500e^(-0.06(20-t))dt\]
\[b)\int\limits_{0}^{20} 500e^(-0.06t) dt\]
\[c) \int\limits_{0}^{20} 500(1.06)^(20-t)dt\]
d) none of the above