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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