7. [-/1 Points] DETAILS Math 110 Course Resources Applications of Definite Integrals Course Packet on income streams and annuities A math tee shirt business is expected to generate $16,000 in revenue per year for the next 10 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 8. [-/1 Points] DETAILS Math 110 Course Resources Applications of Definite Integrals Course Packet on income streams and annuities Suppose you plan to have $40,000 in 30 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