Part 3 of assignment 6.7 (Please show me the steps)

Problem 6

A math tee shirt business is expected to generate $26,000 in revenue per year for the next 10 years. If the income is reinvested in the business at a rate of 2% per year compounded continuously, determine the future value of this income stream at the end of 10 years.

Problem 7

A math tee shirt business is expected to generate $21,000 in revenue per year for the next 5 years. If the income is reinvested in the business at a rate of 9% per year compounded continuously, determine the present value of this income stream.

Problem 8

Suppose you plan to have $50,000 in 20 years from now and you can invest your savings at 2% compounded continuously. Assuming you can save the same amount of money each year, how much do you need to save on a yearly basis in order to achieve your goal? Hint: Treat your savings as an income stream.