Question
The continuously compounded interest rate is 11%. a. You invest $1,160 at this rate. What is the investment worth after nine years? Note: Do not
The continuously compounded interest rate is 11%.
a. You invest $1,160 at this rate. What is the investment worth after nine years?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
b. What is the PV of $6.6 million to be received in twelve years?
Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount. Enter your answer in dollars, not millions of dollars.
c. What is the PV of a continuous stream of cash flows, amounting to $2,160 per year, starting immediately and continuing for 19 years?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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