A new restaurant is expected to produce a continuous income stream at the rate of R(t) = 100,000 dollars per year for the next 5 years. In the prevailing interest rate is 4% per year compounded continuously, find the future value of the income stream.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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A new restaurant is expected to produce a continuous income stream at the
rate of
R(t) = 100, 000
dollars per year for the next 5 years. In the prevailing interest rate is 4% per
year compounded continuously, find the future value of the income stream.
Transcribed Image Text:A new restaurant is expected to produce a continuous income stream at the rate of R(t) = 100, 000 dollars per year for the next 5 years. In the prevailing interest rate is 4% per year compounded continuously, find the future value of the income stream.
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