Question
The rate of a continuous money flow starts at $600 and increases exponentially at 3% per year for 5 years. Find the present value and
The rate of a continuous money flow starts at $600 and increases exponentially at 3% per year for 5 years. Find the present value and final amount if interest earned is 8% compounded continuously.
The present value is
(Do not round until the final answer. Then round to the nearest cent as needed.)
The final amount is
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Managerial Accounting Principles Of Accounting II
Authors: Eric W. Noreen, Peter C. Brewer, Ray H. Garrison
6th Edition
0077681258, 978-0077681258
