Asked by Eunice

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

13 years ago

Answered by Reiny

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

13 years ago

Answered by Steve

Hmm. I think the <b>present</b> value of the 9500 is v such that

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

13 years ago

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