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< Question 7, 6.2.51- BE Part 1 of 3 7 HW Score: 45.45%, 5 of 11 points Points: 0.33 of 1 Save An investor
< Question 7, 6.2.51- BE Part 1 of 3 7 HW Score: 45.45%, 5 of 11 points Points: 0.33 of 1 Save An investor is presented with a choice of two investments: an established clothing store and a new book store. Each choice requires the same initial investment and each produces a continuous income stream of 4%, compounded continuously. The rate of flow of income from the clothing store is f(t) = 14,000, and the rate of flow of income from the book store is expected to be g(t) = 13,000e0.03t. Compare the future values of these investments to determine which is the better choice over the next years. The future value of the clothing store is $ (Round to the nearest dollar as needed.)
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