At age 40, Beth earns her MBA and accepts a position as vice president of an asphalt company. Assume that she will retire at the age of 70, having received an annual salary of $80000, and that the interest rate is 4%, compounded continuously. Round answers to the nearest dollar. What is the accumulated present value of her position? $ What is the accumulated future value of her position? $

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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At age 40, Beth earns her MBA and accepts a position as vice president of an asphalt company. Assume that
she will retire at the age of 70, having received an annual salary of $80000, and that the interest rate is
4%, compounded continuously. Round answers to the nearest dollar.
What is the accumulated present value of her position?
$
What is the accumulated future value of her position?
$
Transcribed Image Text:At age 40, Beth earns her MBA and accepts a position as vice president of an asphalt company. Assume that she will retire at the age of 70, having received an annual salary of $80000, and that the interest rate is 4%, compounded continuously. Round answers to the nearest dollar. What is the accumulated present value of her position? $ What is the accumulated future value of her position? $
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