Question
1. Find the future value of a $ 45,000 annual income stream if it is invested immediately as it is received into an account paying
1. Find the future value of a $ 45,000 annual income stream if it is invested immediately as it is received into an account paying 10 % interest compounded continuously for 10 years. Round your answer to the nearest cent.
2. Find the present value of a $30,000 annual income stream if it is invested immediately as it is received into an account paying 12% interest compounded continuously for 10 years. Round your answer to the nearest cent.
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Statistics For Economics Accounting And Business Studies
Authors: Michael Barrow
7th Edition
1292118709, 978-1292118703
