Note that 145 days / 365 days/year = 0.397 years so you have a total of 8.397 years

In case of continuously compounded interest, the relevant formula is

A = Pe^{rt}.

225000=Pe^0.7011495
Therefore PV= $111,603.33
On the Calculator Enter ----------------------- Future Value (FV) $225,000 Number of Periods (t) 8.397 (years) Interest Rate per Period (R) 8.35% (per year) Compounding per Period (m) C or continuous
Answer: