Continuous Money Flow

Continuous Money Flow

If money is worth r = 3.9 % compounded continuously and if a continuous money flow begins at $ 1090 and increases exponentially at 2.8% per year for 14 years, determine

(a) the present value and (b) the final value.

(a) The present value of the continuous money flow is $

(b) The final value of the continuous money flow is $