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A movie stuntperson receives an annual salary of $90945, but is injured performing a stunt and can never work again as a stuntperson. Through a
A movie stuntperson receives an annual salary of $90945, but is injured performing a stunt and can never work again as a stuntperson. Through a legal settlement, this person is granted a continuous income stream of $90945 for 24 years. The stuntperson invests the money at 7.4 %, compounded continuously. A. Find the future value of f(t) after 24 years and interpret the result. First, write an expression for the definite integral you must evaluate to answer this question. So )dx, where a = and b = The future value of the investment after years is $ (Round your final answer to 4 significant figures. For example, an answer like $1, 244, 252.02 would become $1,244,000.00.) B. Find the present value of the continuous income stream. That is, what single deposit into an account earning the same interest rate will produce the same future value as the continous income stream? To answer this question you must solve the equation (Use P to represent the principal amount invested.) In order to match the that will be earned by the continous income stream over years, you would need a present value (a single deposit) of $ (Round your final answer to 4 significant figures. For example, an answer like $1, 244, 252.02 would become $1, 244,000.00.)
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