Question in image. Stuck on this question for hours. Thanks :) Find the present and future values of an income stream of $3000 per year over a 15-year period, assuming an 8% annual interestrate compounded continuously.Round your answers to the nearest integer.i!Present value = $iFuture value =$

We have to use formula for compounding continuously for future value and present value.

Answered: Round your answers to the nearest…

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Round your answers to the nearest integer. i Present value = $ i Future value = $

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 29P

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Question in image. Stuck on this question for hours.

Thanks :)

Find the present and future values of an income stream of $3000 per year over a 15-year period, assuming an 8% annual interest
rate compounded continuously.
Round your answers to the nearest integer.
i
!
Present value = $
i
Future value =
$

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