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An investor is presented with a choice of two investments: an established clothing store and a new bookstore. Each choice requires the same intial investment
An investor is presented with a choice of two investments: an established clothing store and a new bookstore. Each choice requires the same intial investment and each produces a continuous income stream of compounded continuously. The rate of flow of income from the clothing store is and the rate of flow of income from the bookstore is expected to be
A Find the future value of after years and interpret the result.
The future value of the investment after years is $
Round your final answer to significant figures. For example, an answer like $ would become $
B Find the future value of after years and interpret the result.
The future value of the investment after years is $
Round your final answer to significant figures. For example, an answer like $ would become $
C Which store is the better investment?
The is the better investment because over years it will yield $ more than the other store
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