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 8.75% 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 8.75% compounded continuously for 8 years, 155 days. $

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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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 8.75% compounded continuously for 8 years, 155 days.

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