7. 0 -12 points HarMathAp11 13.4.015. My Note A 56-year-old couple is considering opening a...
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7. 0 -12 points HarMathAp11 13.4.015. My Note A 56-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)-33,300 (dollars per year) The Wine Boutique has a continuous income stream with a projected annual rate of flow at time tgiven by 19,900e008t (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 Need Help? Read ItWatch
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