Can income be gained "continuously"? Suppose you are to be given $10,000 for one year as a lump sum, or $1,000 over ten intervals, or $100 over 100 intervals (always over one year). Assuming a 5% APR coinciding with each interval, can you construct a continuous income stream integral? Does each "part" of the integral make sense? you may need to use the formula for sum of a geometric series to help see the development.
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OpenStudy (anonymous):
"as you would probably know" i am here as a spectator with a posibility to assist
OpenStudy (anonymous):
lol go ahead
OpenStudy (anonymous):
notes are nice
OpenStudy (anonymous):
lol kk
OpenStudy (anonymous):
hehe
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OpenStudy (anonymous):
umm
is it use of continuous compound interest
OpenStudy (anonymous):
hehe
OpenStudy (anonymous):
lol that was helpful
OpenStudy (anonymous):
what did i do?
OpenStudy (anonymous):
pippa "nothing"
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OpenStudy (anonymous):
hehe nothing
OpenStudy (anonymous):
okies
A(t)= lim Ao (1 + r/n ) ^nt= lim Ao [ (1+ r/n) ^n/r ] ^rt
n-> ∞ n->∞
OpenStudy (anonymous):
this 1 work?
OpenStudy (anonymous):
pretend the "o" is a zero
OpenStudy (anonymous):
i just made it to look smaller to acommodate the looks
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OpenStudy (turingtest):
I'm sorry I was headed to bed, too late for this problem.
I wads hoping it would be something I knew offhand.
Good luck!