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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 t)- 140,000 (dollars per year). If money is worth 2% compounded.continuousty, find the present value and future value of this chain over the next 7 years. (Round your answers to the nearest dollar.) present value Enteranumber x future value Need Help? Pead

The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by t)- 140,000 (dollars per year). If money is worth 2% compounded.continuousty, find the present value and future value of this chain over the next 7 years. (Round your answers to the nearest dollar.) present value Enteranumber x future value Need Help? Pead

Essentials Of Investments
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
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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 (t)- 140,000 (dollars per year). If money is worth 2% 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 Enter a number. X future value Need Help? Read it Watch
Transcribed Image Text:The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by (t)- 140,000 (dollars per year). If money is worth 2% 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 Enter a number. X future value Need Help? Read it Watch
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