Suppose That a Vending Machine Company Is Considering Selling Some

question 31

Multiple Choice

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

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