The Revenue of Virtual Reality, a Video-Game Arcade, Is Generated

question 13

Multiple Choice

The revenue of Virtual Reality, a video-game arcade, is generated at the rate of dollars. If the revenue is invested t years from now in a business earning interest at the rate of 13% / year compounded continuously, find the accumulated value of this stream of income at the end of 8 years . Round to the nearest dollar.

• A) $659,353
• B) $655,251
• C) $659,827
• D) $658,680

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Definitions:

Import

The act of bringing goods or services into one country from another for the purpose of sale.

Compasses

Instruments used for navigation and orientation that show direction relative to the geographic cardinal directions (North, South, East, and West).

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than others with the same resources.

Gain From Trade

The benefit that arises from efficient allocation of resources, allowing parties involved to obtain goods or services they desire at a lower opportunity cost.