Recall that the total income received from time
to time
from a continuous income stream of
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?
Total value = TV =
?
Find the total value of the given income stream and also find its future value (at the end of the given interval) using the given interest rate.
?
,
, at 9%
?
A. TV = $0, FV = $72,344.91
B. TV = $0, FV = $327,074.77
C. TV = $1,600,000, FV = $834,722.23
D. TV = $0, FV = $256,372.45
E. none of these
Answer: A
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