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| rev | Admin | (Created page with "'''Solution: A''' Present value for the first 10 years is <math display = "block">{\frac{1-\left(1.06\right)^{-10}}{\ln\left(1.06\right)}}=7.58 </math> Present value of the payments after 10 years is <math display = "block"> \left(1.06\right)^{-10}\int_{0}^{\infty}\left(1.03\right)^{s}\left(1.06\right)^{-s}d s={\frac{0.5584}{\ln\left(1.06\right)-\ln\left(1.03\right)}}=19.45 </math> Total present value = 27.03 {{soacopyright | 2023 }}") | Nov 18'23 at 10:38 | +442 |