The continuously compounded interest rate is 8%. a. You invest $1,130 at this rate. What...
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Accounting
The continuously compounded interest rate is 8%.
a. You invest $1,130 at this rate. What is the investment worth after six years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
b. What is the PV of $6.3 million to be received in nine years? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)
c. What is the PV of a continuous stream of cash flows, amounting to $2,130 per year, starting immediately and continuing for 16 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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