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 8.55% compounded continuously for 8 years, 155 days.
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 8.55% compounded continuously for 8 years, 155 days.
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.32TI: Allan invested $10,000 in a mutual fund. If the interest rate is 5%, how much will be in the account...
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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 8.55% compounded continuously for 8 years, 155 days.
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