The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by f(t) = 80,000 (dollars per year). If money is worth 4% compounded continuously, find the present value and future value of this chain over the next 7 years. (Round your answers to the nearest dollar.) present value $ future value $
The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by f(t) = 80,000 (dollars per year). If money is worth 4% compounded continuously, find the present value and future value of this chain over the next 7 years. (Round your answers to the nearest dollar.) present value $ future value $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by
f(t) = 80,000 (dollars per year).
If money is worth 4% compounded continuously, find the
| present value | $ | |
| future value | $ |
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this is for 6 years and the question is for 7 years. Is there any way you could redo this?
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