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A math tee shirt business is expected to generate $45,000 in revenue per year for the next 5 years. If the income is reinvested in
A math tee shirt business is expected to generate $45,000 in revenue per year for the next 5 years. If the income is reinvested in the business at a rate of 8% per year compounded continuously, determine the present value of this income stream. Present value (exact value) = dollars Present value (rounded to the nearest cent) = dollarsA math tee shirt business is expected to generate $45,000 in revenue per year for the next 5 years. If the income is reinvested in the business at a rate of 8% per year compounded continuously, deterTnine the present value of this income stream. Present value (exact value] = 18.544197410495288 dollars X Present value (rounded to the nearest cent} = 185444.23? y dollars
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