A car washing machine is expected to generate $40,000 in revenue per year, for the next 5 years. If the income is reinvested in a business earning interest at the rate of 12% per year compounded continuously, find the total accumulated value of this income stream at the end of 5 years. 'x, x? i PREVIEW

A car washing machine is expected to generate $40,000 in revenue per year, for the next 5 years. If the income is reinvested in a business earning interest at the rate of 12% per year compounded continuously, find the total accumulated value of this income stream at the end of 5 years. 'x, x? i PREVIEW

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter5: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...

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