3) Grandparents place a continuous stream of $1,000 per year into a college fund which has a continuously compounding interest rate of 0.6%. What will be the value of this continuous stream after 18 years. Round your answer to the nearest integer. 4) Someone invests a constant stream of $1,000 per year at a continuously compounding interest rate of 8%. What is the present value of this strcam id it continues for 10 years. Round your answer to the nearest dollar.
3) Grandparents place a continuous stream of $1,000 per year into a college fund which has a continuously compounding interest rate of 0.6%. What will be the value of this continuous stream after 18 years. Round your answer to the nearest integer. 4) Someone invests a constant stream of $1,000 per year at a continuously compounding interest rate of 8%. What is the present value of this strcam id it continues for 10 years. Round your answer to the nearest dollar.
Chapter8: Sequences, Series,and Probability
Section8.3: Geometric Sequences And Series
Problem 8ECP: An investor deposits $70 on the first day of each month in an account that pays 2 interest,...
Related questions
Question
Help
Transcribed Image Text:PARE
D
3) Grandparents place a continuous stream of $1,000 per year into a college fund
which has a continuously compounding interest rate of 0.6%. What will be the value
of this continuous stream after 18 years. Round your answer to the nearest integer.
4) Someone invests
stream of $1,000 per year at a continuously
compounding interest rate of 8%. What is the present value of this strcam id it
continues for 10 years. Round your answer to the nearest dollar.
I
insert
4-
+
>
T
6
G
B
&
7.
H
Y U
*
الالالالالال
N
00
8
T
(
9
M
K
O
<
A
P
alt
?
[
=
44
1
}
1
pause
ctn
5/-
backspa
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you