At age​ 35, Cynthiaearns her MBA and accepts a position as a vice president of an asphalt company. Assume that she will retire at the age of​ 65, having received an annual salary of ​$105,000​, and that the interest rate is 4% compounded continuously.   a​)What is the accumulated present value of her position?   b​)What is the accumulated future value of her position?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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At age​ 35, Cynthiaearns her MBA and accepts a position as a vice president of an asphalt company. Assume that
she will retire at the age of​ 65, having received an annual salary of ​$105,000​, and that the interest rate is 4% compounded continuously.
 
a​)What is the accumulated present value of her position?
 
b​)What is the accumulated future value of her position?
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