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March 29, 2015

Homework Help: calculus

Posted by molly anne on Thursday, September 16, 2010 at 4:36pm.

Assume your business associate owes you $13650. Also assume they offer either $12020 now or $ 1950 per year for 7 years, starting now. Assume a 5.6% market interest rate, compounded continuously.

How much would you have at the end of 7 years if you choose to
take the $12020 offer now, and you use the market to earn interest
on the funds?

How much would you have at the end of 7 years if you choose to
take the installments each year, and you still used the market to earn
interest on the the funds?

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