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Help with solving algebra word problem

label Algebra
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Find the present value, using the present value formula and calculator. (round answer to the nearest cent.) 

Achieve $225,500 at 8.65% compounded continuously for 8 years, 155 days.

Oct 18th, 2017

cash flow=$225,500


n=8 years+155 days


Formula is:

Present value= future valu/((1+rate)/100 * (days /days in year)))

Present value=225500/((1+8.65)/100*155/365))





Nov 24th, 2014

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