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A 5 7 - year - old couple is considering opening a business of their own. They will either purchase an established Gift and Card
A yearold couple is considering opening a business of their own. They will either purchase an established Gift and Card Shoppe or open a new Wine Boutique. The Gift Shoppe has a continuous income stream with an annual rate of flow at time given by per year The Wine Boutique has a continuous income stream with a projected annual rate of flow at time given by per year The initial investment is the same for both businesses, and money is worth compounded continuously. Find the present value of each business over the next years until the couple reaches age to see which is the better buy. Round your answers to the nearest dollar.
A yearold couple is considering opening a business of their own. They will either purchase an established Gift and Card Shoppe or open a new Wine Boutique. The Gift
Shoppe has a continuous income stream with an annual rate of flow at time given by
per year
The Wine Boutique has a continuous income stream with a projected annual rate of flow at time given by
per year
The initial investment is the same for both businesses, and money is worth compounded continuously. Find the present value of each business over the next years until
the couple reaches age to see which is the better buy. Round your answers to the nearest dollar.
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