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Please answer these two questions! These questions are from the chapter integrals. Thanks 8. + 0/1 points Previous Answers SApCalcBr1 6.2.027. My Notes + Ask
Please answer these two questions! These questions are from the chapter integrals.
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8. + 0/1 points Previous Answers SApCalcBr1 6.2.027. My Notes + Ask Your Teacher A retiree is paid $1800 per month by an annuity. If the income is invested in an account that earns 6% interest compounded continuously, what is the future value of the income after ten years? (Round your answer to two decimal places.) $ 295959.60 x Need Help? Read It Talk to a Tutor 9. + 1/2 points Previous Answers SAPCalcBr1 6.2.031. My Notes + Ask Your Teacher The winner of a lottery is awarded $4,000,000 to be paid in annual installments of $200,000 for 20 years. Alternatively, the winner can accept a "cash value" one-time payment of $1,800,000. The winner estimates he can earn 7% annually on the winnings. What is the present value of the installment plan? (Round your answer to two decimal places.) $ 2267119.05X Should he choose the one-time payment instead? Yes, he should choose the one-time payment. No, he should not choose the one-time payment. Need Help? Read It Talk to a TutorStep by Step Solution
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