time = 8 years , 155 days
= 8 + 155/365 = 8.42466
x e^(8.4266(.0895)) = 225500
x = $106092.70
Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.)
Achieve $225,500 at 8.95% compounded continuously for 8 years, 155 days.
2 answers
The 7th inning needs $35000 in four years to buy new framing equipment. How much should be invested at 4%interest compounded annually.
1 answer