ents urces 22 Incorrect Question 4 Company Z showed a profit of $1.5 billion last year. The CEO of the company expects the profit to increase by 0.25 billion dollars per year over the next seven years and the profits will be continuously invested in an account bearing a 6.1% APR compounded continuously. What is the seven-year present value? The units of your answer should be 'billion dollars. Input your answer to three decimal places. 4.919

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter4: Financial Planning And Forecasting
Section: Chapter Questions
Problem 10P
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22
Incorrect
Question 4
Company Z showed a profit of $1.5 billion last year. The CEO of
the company expects the profit to increase by 0.25 billion dollars
per year over the next seven years and the profits will be
continuously invested in an account bearing a 6.1% APR
compounded continuously.
What is the seven-year present value?
The units of your answer should be 'billion dollars. Input your
answer to three decimal places.
4.919
Transcribed Image Text:ents urces 22 Incorrect Question 4 Company Z showed a profit of $1.5 billion last year. The CEO of the company expects the profit to increase by 0.25 billion dollars per year over the next seven years and the profits will be continuously invested in an account bearing a 6.1% APR compounded continuously. What is the seven-year present value? The units of your answer should be 'billion dollars. Input your answer to three decimal places. 4.919
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