Company A showed a profit of 1 3 million last year The CEO

Last updated: 3/3/2023

Company A showed a profit of 1 3 million last year The CEO of the company expects the profit to increase by 7 each year over the next 5 years and the profits will be continuously invested account bearing a 4 25 APR compounded continuously a Write the flow rate R of the income stream Let t represent the number of years after the company showed a profit of 1 3 million R t million dollars per year b Calculate the 5 year future value Round your answer to three decimal places million c Calculate the 5 year present value Round your answer to three decimal places million