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( a ) Find the present and future value of an income stream of $ 9 0 0 0 per year for a period of

(a) Find the present and future value of an income stream of $9000 per year for a period of 14 years if the interest rate, compounded continuously, is 6%.
NOTE: Round your answer to the nearest cent.
Present value =$
Future value =$
(b) Explain, in plain language, what the present and future values mean in terms of the income stream.
A stream of income of 9000 per year invested in a bank account paying 6% annual interest rate will grow to $ in 14 years. This is the value.
(b) Explain, in plain language, what the present and future values mean in terms of the income stream.
A stream of income of 9000 per year invested in a bank account paying 6% annual interest rate will grow to $
in 14 years. This is the value.
The value of $ is the lump-sum deposit today that will grow to $ in 14 years at a 6% annual interest rate.
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