1. Suppose you plan to have $60,000 in 15 years from now and you can invest your savings at 6% compounded continuously. Assuming you can save the same amount of money each year, how much do you need to save on a yearly basis in order to achieve your goal? Hint: Treat your savings as an income stream. Yearly savings (exact value) =_______dollars

Yearly savings (rounded to the nearest cent) =________ dollars

2. A math tee shirt business is expected to generate $25,000 in revenue per year for the next 25 years. If the income is reinvested in the business at a rate of 3% per year compounded continuously, determine the present value of this income stream. Present value (exact value) =_______dollars

Present value (rounded to the nearest cent) = _______dollars

3. A math tee shirt business is expected to generate $30,000 in revenue per year for the next 5 years. If the income is reinvested in the business at a rate of 6% per year compounded continuously, determine the future value of this income stream at the end of 5 years. Future value (exact value) =_____dollars

Future value (rounded to the nearest cent) =______ dollars