Find the present value, using the present value formula and a calculator. (Round

Question

Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Achieve $225,500 at 8.85% compounded continuously for 8 years, 155 days Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Achieve $225,500 at 8.85% compounded continuously for 8 years, 155 days Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Achieve $225,500 at 8.85% compounded continuously for 8 years, 155 days

Explanation / Answer

PV = A/ert

= 225500/e(0.0885) * (8 + 155/365)

= 106990.2776

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

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