Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.)

Question

$990 at 5.5% compounded quarterly for 3 years

Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.)
Achieve $225,500 at 8.55% compounded continuously for 8 years, 155 days.

thank you

Answer 1

just solve for p in

p(1+.055/4)^(4*3) = 990

8y 155d = 8.43 years, so

p*e^(.0855*8.43) = 225500