Find the present value, using the present value formula and a calculator. (Round
ID: 3116688 • Letter: F
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 daysExplanation / Answer
PV = A/ert
= 225500/e(0.0885) * (8 + 155/365)
= 106990.2776
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