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. Present value = $ Future value = $

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. Present value = $ Future value = $

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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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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