Find the future value of a continuous streamQuestionA 30-year-old places a continuous stream of $6, 000 per year into a retirement account which has a continuouslycompounding interest rate of 1.2%. What will be the value of this continuous stream when this person retires at age 65?Round your answer to the nearest integer. Do not include a dollar sign or commas in your answer.Provide your answer below:FEEDBACKMORE INSTRUCTIONSUBMIT

The formula to calculate present value of a continuous payment stream is given below:

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Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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