Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Hint: Use a 365-day year when

image text in transcribed Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Hint: Use a 365-day year when compounding continuously. Achieve $225,500 at 8.85% compounded continuously for 8 years, 145 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions