Find the future value of a continuous streamQuestionA 30-year-old places a continuous stream of $6, 000 per year into a retirement account which has a continuouslycompounding interest rate of 1.2%. What will be the value of this continuous stream when this person retires at age 65?Round your answer to the nearest integer. Do not include a dollar sign or commas in your answer.Provide your answer below:FEEDBACKMORE INSTRUCTIONSUBMIT

The formula to calculate present value of a continuous payment stream is given below:

Answered: Find the future value of a continuous…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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using excel: How much money must you invest today in order to withdraw the following monthly payments in retirement, $1,000 per month from Year 1 through Year 5, $750 per month from Year 6 through 10? Assume you can earn a rate of return of 8.60%.
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