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A Consultant Expects an Income Stream of $15,000 Per Year

Question 12

Short Answer

A consultant expects an income stream of $15,000 per year for the next 8 years.
A. Find the present value of this income stream if the interest rate is 2% per year, compounded continuously.
B. Find the future value of this income stream under the same conditions.

Correct Answer:

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A. $110,89...

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