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

## Answer This Question

## Related Questions

- math - Find the present value of $26997.18 due in 3 yr at an interest rate of 10...
- math - Find the present value of $26997.18 due in 3 yr at an interest rate of 10...
- math - Find the present value of $53705.69 due in 5 yr at an interest rate of 8...
- math - Find the present value of $31,000 due in 4 yr at the given rate of ...
- math - Find the present value of $31,000 due in 4 yr at the given rate of ...
- math - Find the present value of $31,000 due in 4 yr at the given rate of ...
- Math - (a) Find the present value of $ 4600 per year flowing uniformly over a 10...
- Calc - Find the present value of $14000 due in 9 years at the given rate of ...
- Fins nance business - 1. Find the future value of current $1,000 5 year from ...
- Math - A basketball player received a contract from the New York Knicks in which...

More Related Questions