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An investor is presented with a choice of two investments: an established clothing store and a new book store. Each choice requires the same
An investor is presented with a choice of two investments: an established clothing store and a new book store. Each choice requires the same initial investment and each produces a continuous income stream of 6%, compounded continuously. The rate of flow of income from the clothing store is f(t) = 18,000, and the rate of flow of income from the book store is expected to be 9(1) 17.0000041 Compare the future values of these investments to determine which is the better choice over the next 4 years. The future value of the clothing store is $ (Round to the nearest dollar as needed.)
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