At age 35, Clarence earns his MBA and accepts a position as

Last updated: 7/17/2022

At age 35, Clarence earns his MBA and accepts a position as a vice president of an asphalt company. Assume that he will retire at the age of 65, having received an annual salary of $90,000, and that the interest rate is 5%, compounded continuously. a) What is the accumulated present value of his position? b) What is the accumulated future value of his position?