What is the future value of its four-year net income

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For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of $48,230,000. Assume the income can be reinvested continuously at an annual rate of return of 5.5% compounded continuously and that Lowe's will maintain this annual net income for the next 4 years.† (a) What is the future value of its 4-year net income? $ million (b) What is the present value of its 4-year net income? $ million

Reference no: EM131022581

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