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Assuming an interest rate of 2% compounded continuously, answer the following questions. (a) Find the future value in 10 years of a payment of $11,
Assuming an interest rate of 2% compounded continuously, answer the following questions. (a) Find the future value in 10 years of a payment of $11, 000 made today. $ (b) Find the future value of an income stream of $1100 per year over 10 years. $ (c) Which is larger, the future value from the lump sum in part (a) or from the income stream in part (b)? Why does this make sense financially? The future value from the is larger. This makes sense becaUse
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