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A company can buy a machine that is expected to increase the company's net income by $20,000 each year for the 15-year life of the
A company can buy a machine that is expected to increase the company's net income by $20,000 each year for the 15-year life of the machine. The company also estimates that for the next 15 years, the money they invest from that continuous stream will earn 5 % compounded continuously. Round all answers to the nearest cent. a. Find the total amount of money produced by the machine over its 15-year life. $ 300,000 b. Find the future value of the income stream. $ X c. Find the present value of the income stream. * Get Help: Video eBook
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