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, 145 days.
Assuming present value is a.
8 year, 145 days=8+145/356=8.407 years
So the present value is $114933.74.
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?