What is the future value of a constant income stream of $20,000 per year in 6 years from now given a continuous interest rate of 3.5% per annum? Give your answer to the nearest dollar and show working.

What is the future value of a constant income stream of $20,000 per year in 6 years from now given a continuous interest rate of 3.5% per annum? Give your answer to the nearest dollar and show working.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter1: Understanding Personal Finance

Section1.4: Perform Time Value Of Money Calculations

Problem 3CC

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What is the future value of a constant income stream of $20,000 per
year in 6 years from now given a continuous interest rate of 3.5% per
annum? Give your answer to the nearest dollar and show working.
уears

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