Money is transferred continuously into an account at the constant rate of $1,000 per year.Assume the account earns interest at the annual rate of 8% compounded continuously.Compute the future value of the income stream over a 5 year period.
A)$12,295.62
B)$6,147.81
C)$491.82
D)$24,591.23

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The Answer of Money is transferred continuously into an account at the constant rate of $1,000 per year.Assume the account earns interest at the annual rate of 8% compounded continuously.Compute the future value of the income stream over a 5 year period.
A)$12,295.62
B)$6,147.81
C)$491.82
D)$24,591.23

Money Is Transferred Continuously into an Account at the Constant