A company is expected to earn $50,000 a year, at a continuous rate, for 8 years. You can
Chapter 6, Problem 15(choose chapter or problem)
A company is expected to earn $50,000 a year, at a continuous rate, for 8 years. You can invest the earnings at an interest rate of 7%, compounded continuously. You have the chance to buy the rights to the earnings of the company now for $350,000. Should you buy? Explain.
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