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At age 3 5 , Clarence earns his MBA and accepts a position as a vice president of an asphalt company. Assume that he will
At age Clarence earns his MBA and accepts a position as a vice president of an asphalt company. Assume that he will retire at the age of having received an annual salary of $ and that the interest rate is compounded continuously.
a What is the accumulated present value of his position?
b What is the accumulated future value of his position?
a The accumulated present value of his position is $
Round to the nearest ten dollars as needed.
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