Asked by Andrew
find the present value using the present value formula. Achieve $ 225,500 at 8,95% compounded continuously for 8 years, 135 days.
Answers
Answered by
Reiny
8 years, 135 days = 8.36986... years
PV e^(.0895(8.36986) = 225500
PV = 106351.80
PV e^(.0895(8.36986) = 225500
PV = 106351.80
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