Find the present and future values of a constant income stream of $4600 per year over a 4 year period. Round your answers to the nearest cent. a) Find the present value of the business if the annual interest rate, compounded continuously, is 3.25%. Present Value = $ b) With this interest rate, what is the value of the business at the end of the four year period? Answer: $ c) Find the present value of the business if the annual interest rate, compounded continuously, is 9.5%. Present Value = $ d) With this interest rate, what is the value of the business at the end of the four year period? Answer: $
Find the present and future values of a constant income stream of $4600 per year over a 4 year period. Round your answers to the nearest cent. a) Find the present value of the business if the annual interest rate, compounded continuously, is 3.25%. Present Value = $ b) With this interest rate, what is the value of the business at the end of the four year period? Answer: $ c) Find the present value of the business if the annual interest rate, compounded continuously, is 9.5%. Present Value = $ d) With this interest rate, what is the value of the business at the end of the four year period? Answer: $
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Transcribed Image Text:Find the present and future values of a constant income stream of $4600 per year over a 4 year period. Round your answers to the nearest cent.
a) Find the present value of the business if the annual interest rate, compounded continuously, is 3.25%.
Present Value = $
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...
b) With this interest rate, what is the value of the business at the end of the four year period?
Answer: $
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...
c) Find the present value of the business if the annual interest rate, compounded continuously, is 9.5%.
Present Value = $
...
d) With this interest rate, what is the value of the business at the end of the four year period?
Answer: $
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