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At age 35, Clarence earns his MBA and accepts a position as a vice president...

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Calculus

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At age 35, Clarence earns his MBA and accepts a position as a vice president of an asphalt company. Assume that he will retire at the age of 65, having received an annual salary of $90,000, and that the interest rate is 5%, compounded continuously.a) What is the accumulated present value of his position?b) What is the accumulated future value of his position?

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