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MY NOTES Your math professor has decided to retire and return to his jetsetting life style. He wishes to establish a fund from which he

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MY NOTES 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 $4,000 per month for the next 30 years. If the fund earns 6% per year compounded continuously, how much money does he need now to establish the fund? 48,0001 -e-1.8) 0.06 48,000 (1.8 + 1) 0.06 o 12.30 (1 - e-1.8) 0.06 48,000 (e18 - 1) 0.06 (e. - 1) 12.30 1.8 - 1) 0.06 MY NOTES A math tee shirt business is expected to generate $13,000 in revenue per year for the next 25 years. If the income is reinvested in the business at a rate of 5% per year compounded continuously, which expression below is the present value of this income stream? O 0.05 13,000 -1.25 dt Jo O 13,000 0.05t dt - 25-13,000 13,000 -1.25 o [ 13,000 e -0.05t dit 13,000 e-0.05tdt

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