Question: Solve clearly using excel 5.45 A consulting firm has a continuous cash inflow of $5 million a year. If this money is accumulated in an

Solve clearly using excel 5.45 A consulting firm has a continuous

Solve clearly using excel

5.45 A consulting firm has a continuous cash inflow of $5 million a year. If this money is accumulated in an account that earns (a) 15% per year, (b) 13.5% per year, compounded continuously, how much money will have accumulated after 7 years? Ans. (a) $61 921 704: (b) $58 252 347

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