Find the present value of $26997.18 due in 3 yr at an interest rate of 10%/year compounded continuously.

$ ?

1 answer

26997.18 = xe^(.1*3)

x = 20,000

Similar Questions

Find the present value of $26997.18 due in 3 yr at an interest rate of 10%/year compounded continuously.$?

Top answer: See http://www.jiskha.com/display.cgi?id=1354048579 I disagree with Angela's solution on that page Read more.
Find the present value of $26997.18 due in 3 yr at an interest rate of 10%/year compounded continuously.$?

Top answer: 26997.18 = PV(1.10)^10 26997.18/(1.10)^10 = PV 26997.18/2.59374 = PV 10408.59 =PV Read more.
Find the present value of $53705.69 due in 5 yr at an interest rate of 8%/year compounded continuously.$ ?

Top answer: dx/dt = .08 x dx/x = .08 dt ln x = .08 t + C x = e^(.08 t + C) = c e^.08 t when t = 0, x =Xo when t Read more.
Find the ordinary interest in a loan of Rs.2600 at 10 % simple interest from January 5 to February 10.? Find the present value

Top answer: A simple interest calculation provides a useful estimate of what compound interest will be if what? Read more.
Find the present and future values of a constant income stream of $6700 per year over an 8-year period at an interest rate of

Top answer: To find the present and future values of a constant income stream, we can use the formula for Read more.
Find the present value of $14000 due in 9 years at the given rate of interest.(a) 2%/year compounded semiannually? (b) 5%/year

Top answer: a) PV = 1400(1.01)^-18 = .... b) PV = 1400(1.025)^-18 = .... Read more.
Find the present value of $31,000 due in 4 yr at the given rate of interest.(a) 6%/year, compounded quarterly $ ? (b) 3%/year,

Top answer: a) i = .06/4 = .015 n = 4(4) = 16 PV = 31000(1.015)^-16 = 24428.96 b) try it using the same steps as Read more.
Find the present value of $31,000 due in 4 yr at the given rate of interest.(a) 6%/year, compounded quarterly $ ? (b) 3%/year,

Top answer: a. P = Po(1+r)^n. P = $31,000. = Value in 4 yrs. Po = Initial value. r = (6%/4) / 100% = 0.015 = Read more.
Find the present value of $31,000 due in 4 yr at the given rate of interest.(a) 6%/year, compounded quarterly $ ? (b) 3%/year,

Top answer: Its been awhile but here you go: (a)53320 31000*.06=1860 1860*12 (12 is 3 quarter per year for 4 Read more.
Camille purchased a 10-yr franchise for a computer outlet store that is expected to generate income at the following rate

Top answer: Well, Camille really lucked out with this computer outlet store! So, let's calculate the present Read more.