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Find the present and future value of an income stream of $6000 per year for a period of 10 years if the interest rate, compounded ntinuously, is 2%. und your answers to two decimal places. esent value = $ ture value = $1 How much of the future value is from the income stream? How much is from interest? und your answers to two decimal places. e amount from the income stream is $ e amount from the interest is $

Find the present and future value of an income stream of $6000 per year for a period of 10 years if the interest rate, compounded ntinuously, is 2%. und your answers to two decimal places. esent value = $ ture value = $1 How much of the future value is from the income stream? How much is from interest? und your answers to two decimal places. e amount from the income stream is $ e amount from the interest is $

Essentials Of Investments
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
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(a) Find the present and future value of an income stream of $6000 per year for a period of 10 years if the interest rate, compounded continuously, is 2%. Round your answers to two decimal places. Present value = $ Future value $ (b) How much of the future value is from the income stream? How much is from interest? Round your answers to two decimal places. The amount from the income stream is $ The amount from the interest is $
Transcribed Image Text:(a) Find the present and future value of an income stream of $6000 per year for a period of 10 years if the interest rate, compounded continuously, is 2%. Round your answers to two decimal places. Present value = $ Future value $ (b) How much of the future value is from the income stream? How much is from interest? Round your answers to two decimal places. The amount from the income stream is $ The amount from the interest is $
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