A small business expects an income streamof $5000 per year for a four-year period. (a)
Chapter 6, Problem 9(choose chapter or problem)
A small business expects an income streamof $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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