1) What is the future value of an annuity of 17 deposits of $2300 each year with nominal rate of interest being 10% compounded continuously?
A. 85145.49
B. 90579.49
C. 97841.49
D. 99587.49
2) HKL Co. plans a new project that will generate $ 170,000 of continuous cash flow each year for 6 years and additionally $ 250,000 at the end of the project. If the continuously compounded rate of interest is 11%, estimate the present value of the cash flows.
a. 875897.13
b. 1170000
c. 1203657.13
d. 1356987.13