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The continuously compounded interest rate is 1 2 % . a . You invest $ 1 , 0 0 0 at this rate. What is

The continuously compounded interest rate is 12%.
a. You invest $1,000 at this rate. What is the investment worth after five years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Future value
b. What is the PV of $5 million to be received in eight years? (Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)
Present value
c. What is the PV of a continuous stream of cash flows, amounting to $2,000 per year, starting immediately and continuing for 15 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Present value
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