Thursday

January 29, 2015

January 29, 2015

Posted by **Brook** on Tuesday, May 13, 2014 at 11:19am.

Achieve $225,500 at 8.65% compounded continuously for 8 years, 125 days.

- Math -
**Steve**, Tuesday, May 13, 2014 at 12:42pm8y 125d = 8.347 years, so just solve for P in

P*e^(.0865*8.347) = 225500

- Math -
**MathMate**, Tuesday, May 13, 2014 at 12:51pmAmount = Pe

^{rt}

where P=principal, present value

so

225500=Pe^{.0865*(8+125/365) solve for P to get: 109585 (approximately) }

**Answer this Question**

**Related Questions**

math - find the present value, using the present value formula and a calculator...

algebra - Find the present value, using the present value formula and a ...

Alegbra - Find the present value, using the present value formula and a ...

math - Find the present value, using the present value formula and a calculator...

alegbra - Find the future value, using the future value formula and a calculator...

math - Find the present value, using the present value formula. (Round your ...

alegbra - Find the present value, using the present value formula and a ...

math - find the present value using the present value formula. Achieve $ 225,500...

math - find the present value using the present value formula. Achieve $ 225,500...

finding present value - Achieve 225,500 at 8/85% compounded continuously for 8 ...