Solve the problem.A woman accepts a position as president of a company at age 37. Assuming retirement at age 67 and annual salary $14,000 that is paid in a continuous money flow, what is the president's accumulated present value? The current interest rate is 7%, compounded continuously.

A. $24,491.29
B. $224,491.29
C. $175,508.71
D. -$175,508.71


Answer: C

Mathematics

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