Find the present value, using the present value formula and a calculator. (Round answer to the nearest cent.)
Formula for compounded continuously FV= PVe^rtFV = 225500r=8.55% = 0.0855t = 8years,145 days = 8.4so, 225500 = PVe^0.0855*8.4or, PV = 225500/e^0.0855*8.4 = $109960.38 (Answer)
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