An investor is presented with a choice of two investments: an established furniture store and a new computer store. Each
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An investor is presented with a choice of two investments: an established furniture store and a new computer store. Each choice requires the same initial investment and each produces a continuous income stream of 4%, compounded continuously. The rate of flow of income from the furniture store is (t) = 14,000, and the rate of flow of income from the computer store is expected to be g(t)= 13,000 e Compare the future values of these investments to determine which is the better choice over the next 6 years 0.03t The future value of the furniture store is $ Round to the nearest dollar as needed.)
- 5 years ago
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