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OpenStudy (anonymous):
Achieve $225,500 at 8.95% compounded continuously for 8 years, 125 days. What is the present value?
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OpenStudy (anonymous):
any help will be greatly appreciated?
OpenStudy (kropot72):
\[225500=P \times e ^{(0.0895\times 8.342466)}\] Now you just need to solve for the required principal, P.
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