[Step-by-Step] A small business expects an income stream of $5,000 per year for a four-year period. Find the present value of the business if the annual
Question: A small business expects an income stream of $5,000 per year for a four-year period.
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Find the present value of the business if the annual interest rate compounded continuously is
- 3% (ii) 10%
- In each case, find the value of the business at the end of the four year period.
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