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Popolare Word Problems >

find the present value of \$60000 due 8 years later at 6.6%, compounded continuously

Soluzione

f in d t h e p rese n t v a l u e o f $60000 d u e 8 ye a rs l a t er a t 6.6%, co m p o u n d e d co n t in u o u s l y

Soluzione

Amount : 101732.27

Fasi della soluzione

Translate the problem into an equation:

A = 60000 e^{0.066 \cdot 8}

60000 e^{0.066 \cdot 8} = 101732.27037 \dots

Arrotondare all' hundredth più vicino:

101732.27

Amount : 101732.27

Esempi popolari

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