Question: Find the present value o f $ 8 , 0 0 0 t o b e received i n 9 years, i f money may

Find the present value of $8,000tobe received in9 years, if money may be invested at7.7% with interest
compounded continuously.
The present value is $
(Roundto the nearest cent as needed.)
Find the present value o f $ 8 , 0 0 0 t o b e

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!