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Solving A Pet for P we obtain P Aet which is the present value of the amount A due in t years if money earns
Solving A Pet for P we obtain P Aet which is the present value of the amount A due in t years if money earns interest at an annual nominal rate r compounded continuously A Graph P 19 000e 0 071 0 t 70 B Find limt 19 000e 0 07t Guess using part A Conclusion The longer the time until the amount A is due the smaller is its present value as we would expect A Choose the correct graph of P 19 000e O A AP 19000 70 Q B limt 19 000e 0 07t 0 07t OB AP 19000 0st 70 70 27 TORI O C AP 19000 0 Q D 19000
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