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$($a$)$ Find the present and future value of an income stream of $$3000$ per year for a period of $11$ years if the interest rate, compounded continuously, is $4\%.$

NOTE: Round your answer to the nearest cent.

Present value $=$$

Future value $=$$

$($b$)$ Explain, in plain language, what the present and future values mean in terms of the income stream.

A stream of income of $3000$ per year invested in a bank account paying $4\%$ annual interest rate will grow to $