A small business expects an income stream of $5000 per year for a four-year period. (a) Find
Question:
A small business expects an income stream of $5000 per year for a four-year period.
(a) Find the present value of the business if the annual interest rate, compounded continuously, is
(i) 3% (ii) 10%
(b) In each case, find the value of the business at the end of the four-year period.
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a i Using a calculator or computer with an interest rate of 3 we have Using instead ...View the full answer
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Related Book For 
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
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