Calculate the present value of $100 in3 years. Assume 7.2% interest rate withcontinuous compounding.Round your answer to the nearest 2decimal points. For example, if youranswer is $12.345, then enter "12.35" inthe answer box.

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Answered: Calculate the present value of $100 in…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Calculate the present value of $100 in 3 years. Assume 7.2% interest rate with continuous compounding. Round your answer to the nearest 2 decimal points. For example, if your answer is $12.345, then enter "12.35" in the answer box.