217Q1-1 PV H

Starting from today, you will receive $1,000 per year payable continuously for 1 year. If the rate of interest compounded continuously is 3%, what is the present value of this continuous annuity? (3% is the constant force of interest) (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 123.45)

------------------------

217Q1-2 PV H

Starting 2 years from today, you will receive $1,000 per year payable continuously for 1 year. If the rate of interest compounded continuously is 3%, what is the present value of this continuous annuity? (3% is the constant force of interest) (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 123.45