Math 110 Course Resources Applications of Definite Integrals Course Packet on income streams and annuities A Math 110 student decides to make annual payments of $500 into a retirement account paying 9% interest per year compounded continuously. If the student continues to make these payments for 30 years, compute each of the following values. Account balance after 30 years (exact value) = dollars Account balance after 30 years (rounded to the nearest cent) = dollars Total of all deposits (exact value) = dollars Total of all interest payments (rounded to the nearest cent) = dollars 10. [-/1 Points] DETAILS MY N Math 110 Course Resources - Applications of Definite Integrals Course Packet on income streams and annuities Your math professor has decided to retire and return to his jetsetting life style. He wishes to establish a fund from which he can withdraw $7,000 per month for the next 40 years. If the fund earns 2% per year compounded continuously, how much money he need now to establish the fund? Exact value = dollars Rounded to the nearest cent = dollars