The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by f(t) = 720,000 (dollars per year). If money is worth 8% compounded continuously, find the present value and future value of this chain over the next 8 years. (Round your answers to the nearest dollar.) present value $. future value $ . No hand written solution and no image
The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by f(t) = 720,000 (dollars per year). If money is worth 8% compounded continuously, find the present value and future value of this chain over the next 8 years. (Round your answers to the nearest dollar.) present value $. future value $ . No hand written solution and no image
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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The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by
f(t) = 720,000 (dollars per year).
If money is worth 8% compounded continuously, find the present value and future value of this chain over the next 8 years. (Round your answers to the nearest dollar.)
| present value | $. | |
| future value | $ |
. No hand written solution and no image
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