Find the present value of $8000 payable at the end of 2 years, if money may be invested at 3% with interest compounded continuously. The present value of $8000 is $ (Round to the nearest cent as needed.)
Find the present value of $8000 payable at the end of 2 years, if money may be invested at 3% with interest compounded continuously. The present value of $8000 is $ (Round to the nearest cent as needed.)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Transcribed Image Text:Find the present value of $8000 payable at the end of 2 years, if money may be invested at 3% with interest compounded continuously.
The present value of $8000 is $
(Round to the nearest cent as needed.)
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