A math tee shirt business is expected to generate $20,000 in…

A math tee shirt business is expected to generate $20,000 in revenue per year for the next 5 years. If the income is reinvested in the business at a rate of 1% per year compounded continuously, what is the present value of this income stream? Round your answer to 2 decimal places.

A math tee shirt business is expected to generate $38,000 in…

A math tee shirt business is expected to generate $38,000 in revenue per year for the next 25 years. If the income is reinvested in the business at a rate of 8% per year compounded continuously, what is the present value of this income stream? Round your answer to 2 decimal places.

Your math professor has decided to retire and return to his…

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 $5,000 per month for the next 20 years. If the fund earns 7% per year compounded continuously, how much money does he need now to establish the fund? Round your answer to 2 decimal places.

A math tee shirt business is expected to generate $44,000 in…

A math tee shirt business is expected to generate $44,000 in revenue per year for the next 5 years. If the income is reinvested in the business at a rate of 8% per year compounded continuously, what is the present value of this income stream? Round your answer to 2 decimal places.