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instead of 6 years make it 5 For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of $48,230,000. Assume the income
instead of years make it
For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of $48,230,000. Assume the income can be reinvested continuously at an annual rate of return of compounded continuously and that Lowe's will maintain this annual net income for the next 6 years. t 5.7% (a) What is the future value of its 6-year net income? million (b) What is the present value of its 6-year net income? million
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