Suppose that a vending machine company is considering selling some of its machines. Suppose further that the income from these particular machines is a continuous stream with an annual rate of flow at time t given by Find the present value and future value of the machines over the next 3 years if the money is worth 11% compounded continuously. Round answers to the nearest dollar.
A)PV = $1,893 FV = $2,633
B)PV = $1,893 FV = $2,349
C)PV = $1,689 FV = $2,349
D)PV = $1,689 FV = $2,633
E)PV = $2,364 FV = $2,633

Question

Suppose that a vending machine company is considering selling some of its machines. Suppose further that the income from these particular machines is a continuous stream with an annual rate of flow at time t given by  Find the present value and future value of the machines over the next 3 years if the money is worth 11% compounded continuously. Round answers to the nearest dollar. ​
A)PV = $1,893 FV = $2,633 
B)​PV = $1,893 FV = $2,349 
C)PV = $1,689 FV = $2,349 
D)PV = $1,689 FV = $2,633 
E)PV = $2,364 FV = $2,633

Quizplus · Accepted Answer

The Answer of Suppose that a vending machine company is considering selling some of its machines. Suppose further that the income from these particular machines is a continuous stream with an annual rate of flow at time t given by  Find the present value and future value of the machines over the next 3 years if the money is worth 11% compounded continuously. Round answers to the nearest dollar. ​
A)PV = $1,893 FV = $2,633 
B)​PV = $1,893 FV = $2,349 
C)PV = $1,689 FV = $2,349 
D)PV = $1,689 FV = $2,633 
E)PV = $2,364 FV = $2,633

Suppose That a Vending Machine Company Is Considering Selling Some