Business, 19.12.2019 06:31 kay4451

A56-year-old couple is considering opening a business of their own. they will either purchase an established gift and card shoppe or open a new wine boutique. the gift shoppe has a continuous income stream with an annual rate of flow at time t given by g(t) = 39,700 (dollars per year). the wine boutique has a continuous income stream with a projected annual rate of flow at time t given by w(t) = 20,500e0.08t (dollars per year). the initial investment is the same for both businesses, and money is worth 10% compounded continuously.

find the present value of each business over the next 9 years (until the couple reaches age 65) to see which is the better buy. (round your answers to the nearest dollar.) gift shoppe $ wine boutique $

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A56-year-old couple is considering opening a business of their own. they will either purchase an est...

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