Posted by Ashton on Tuesday, November 27, 2012 at 3:36pm.
Find the present value of $26997.18 due in 3 yr at an interest rate of 10%/year compounded continuously.
$?

math  angela, Tuesday, November 27, 2012 at 3:46pm
26997.18 = PV(1.10)^10
26997.18/(1.10)^10 = PV
26997.18/2.59374 = PV
10408.59 =PV

math  Reiny, Tuesday, November 27, 2012 at 5:20pm
again, I disagree with angela' s answer
PV = 26997.18 e^(.1(3))
= 26997.18 e^.3
= 20,000.00
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