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Camille decides to start a business selling cupcakes. She anticipates that the business will generate $10,000 annually at a continuous rate, and she expects the
Camille decides to start a business selling cupcakes. She anticipates that the business will generate $10,000 annually at a continuous rate, and she expects the business to be viable for the next 8 years. Income generated can earn interest at a rate of 6%. Write an expression (do not solve) for the amount of money that Camille should accept (as a lump sum) for the business right now rather than continuing to make cupcakes for the next eight years.
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