Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I have tried both but it seems to be wrong. Please answer both sections clearly. 11. [0/1 Points] DETAILS PREVIOUS ANSWERS SAPCALCBR1 6.5.023. MY NOTES
I have tried both but it seems to be wrong. Please answer both sections clearly.
11. [0/1 Points] DETAILS PREVIOUS ANSWERS SAPCALCBR1 6.5.023. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A government bond is offered that pays 4% annually to the holder indefinitely. If the income received is invested at 5.5% interest (compounded continuously), what is the present value of a $10,000 bond? (Round your answer to two decimal places.) $ 7272.72 X Need Help? Talk to a Tutor Additional Materials eBook Submit Answer 12. [0/1 Points] DETAILS PREVIOUS ANSWERS SAPCALCBR1 6.5.025. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A charitable organization receives donations from a corporate trust continually at the rate of f(t) = 9000e0.01t dollars per year t years from now. If the money is invested at 5.7% interest (compounded continuously) and the donations continue indefinitely, what is the present value of the income? (Round your answer to two decimal places.) $ 191489.31 X Need Help? Talk to a Tutor Additional Materials eBookStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started