6. A continuous flow of funds into a cash flow system started on January 1, 2020. The rate of flow is $500 per month. The continuous flow of funds into the system continued through January 1, 2030. The rate of return for the system is 15% with continuous compounding. What single amount on July 1, 2025 is equivalent to the continuous flow of funds?
6. A continuous flow of funds into a cash flow system started on January 1, 2020. The rate of flow is $500 per month. The continuous flow of funds into the system continued through January 1, 2030. The rate of return for the system is 15% with continuous compounding. What single amount on July 1, 2025 is equivalent to the continuous flow of funds?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 10RE: If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32...
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