Solve the problem.A woman accepts a position as president of a company at age 38. Assuming retirement at age 66 and annual salary $12,400 that is paid in a continuous money flow, what is the president's accumulated present value? The current interest rate is 5%, compounded continuously.
A. -$186,843.95
B. $186,843.95
C. $309,156.05
D. $61,156.05
Answer: B
Mathematics
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