campbellsydney320 campbellsydney320
  • 26-04-2024
  • Mathematics
contestada

A
55
-year-old places a continuous stream of
$
10
,
000
per year into a retirement account which has a continuously compounding interest rate of
1.6
%
. What will be the value of this continuous stream when this person retires at age
65
?

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