Find the present value of $9500 in 6 1/2 years if money earns 7.5% compounded continuously.

Answer 1

value = 9500 e^6.5(.075)
= 9500 e^.4875 = $15468.83

Answer 2

Hmm. I think the present value of the 9500 is v such that

9500 = v*e^.4875
v = 9500*e^-.4875 = 5834.52