(a) Find the present and future value of an income stream of $7000 per year for a period of 10 years if the interest rate, compounded continuously, is 4%. Round your answers to two decimal places. Present value = $ i Future value = $ i (b) How much of the future value is from the income stream? How much is from interest? Round your answers to two decimal places. The amount from the income stream is $ i The amount from the interest is $ i
(a) Find the present and future value of an income stream of $7000 per year for a period of 10 years if the interest rate, compounded continuously, is 4%. Round your answers to two decimal places. Present value = $ i Future value = $ i (b) How much of the future value is from the income stream? How much is from interest? Round your answers to two decimal places. The amount from the income stream is $ i The amount from the interest is $ i
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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