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CalculusHardTechniques of Integration

Techniques of Integration · Hard problem

A perpetuity pays continuously at rate R(t)=1000e0.01tR(t)=1000e^{0.01t} dollars per year, discounted continuously at 5%5\% per year. Its present value is PV=∫0∞R(t)e−0.05t dtPV=\displaystyle\int_0^\infty R(t)e^{-0.05t}\,dt. Find PVPV (in dollars).