Eleni, Who Is Now 50 Years Old, Is Employed by a Firm

Short Answer

Eleni, who is now 50 years old, is employed by a firm that guarantees her a pension of $40,000/year at age 65. What is the present value of her first year's pension if inflation over the next 15 year(s) is at the given rate. Assume that inflation is continuously compounded. Round your answers to the nearest cent.
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6%
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$__________
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7%
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$__________
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18%
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$__________