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A company expects profits of $40,000 per year for 3 years. If the profits will be continuously invested in an account bearing 5.4% APR compounded
A company expects profits of $40,000 per year for 3 years. If the profits will be continuously invested in an account bearing 5.4% APR compounded continuously, what is the three-year future value of this income stream? $130,266.85 $110,784.29 $120,000.00 $102,052.94 $47.034.41 Company Z showed a profit of $1.5 billion last year. The CEO of the company expects the profit to increase by 0.25 billion dollars per year over the next seven years and the profits will be continuously invested in an account bearing a 6.1% APR compounded continuously. What is the seven-year future value? The units of your answer should be 'billion dollars. Input your answer to three decimal places
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