(Posting this again) Somebody already answered this here previously but I just wanted to post it again to double-check and make sure that the answer is correct! Please provide a detailed solution. Thank you so much! Please show complete solutions for the problem below:Luis is pre-selling a collector's edition anime figure which is valued at 5000 pesos. Angel and Lean are interested to buy thefigure. Currently, however, they only have 3000 pesos each in their savings. Angel decided to invest his money in a one-timeinvestment which earns interest at an annual rate of 25% compounded continuously. Lean, on the other hand, invested hismoney in a business that will produce a continuous stream of income with annual interest rate of 20% compoundedcontinuously and rate of flow f(t)=1700e0.3t . If the figure will come out in two years, who will be able to buy it? Will thatperson have enough money to buy the set of accessories which are sold separately at 500 pesos?

Given :Lui is pre -selling a collector's edition anime figure which is valued at5000…

Answered: continuously and rate of flow f(1)=1…

continuously and rate of flow f(1)=1 person have enough money to buy the set of accessories which are sold sepa If the figure will come out in two

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...

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(Posting this again) Somebody already answered this here previously but I just wanted to post it again to double-check and make sure that the answer is correct! Please provide a detailed solution. Thank you so much!

Please show complete solutions for the problem below:
Luis is pre-selling a collector's edition anime figure which is valued at 5000 pesos. Angel and Lean are interested to buy the
figure. Currently, however, they only have 3000 pesos each in their savings. Angel decided to invest his money in a one-time
investment which earns interest at an annual rate of 25% compounded continuously. Lean, on the other hand, invested his
money in a business that will produce a continuous stream of income with annual interest rate of 20% compounded
continuously and rate of flow f(t)=1700e0.3t . If the figure will come out in two years, who will be able to buy it? Will that
person have enough money to buy the set of accessories which are sold separately at 500 pesos?

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