Question: A 6 1 year old couple is considering opening a business of their own. They will either purchase an established Gift and Card Shopee or

A 61 year old couple is considering opening a business of their own. They will either purchase an established Gift and Card Shopee or open a new Wine Boutique.The Gift Shopee has a continous income stream with an annual rate of flow at time t given by G(t)=20,000e^(0.08)t . The Wine Boutique has a continous income stream with an annual rate of flow at time t given by W(t)=39000. The initial investment is the same for both businesses, and money is worht 8% compounded continously. Find the Present Value of each business over the next 3 years to see whichis the better buy.

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