time = 8 + 125/365 = 8 + .345466 = 8.345466
let the present value be x
x e^(.0835(8.345466)) = 225500
x = $112361.83
find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.)
Achieve $225,500 at 8.35% compounded continuously for 8 years, 125 days.
1 answer