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Mathematics 11 Online
OpenStudy (anonymous):

Achieve $225,500 at 8.85% compounded continuously for 8 years, 155 days

OpenStudy (anonymous):

You can do that on this present value calculator http://www.calculatorsoup.com/calculator... note that 135 days / 365 days/year = 0.42 years so you have a total of 8.42 years. ----------------------- Future Value (FV) $225,000 Number of Periods (t) 8.42 (years) Interest Rate per Period (R) 8.15% (per year) Compounding per Period (m) C or continuous Present Value = $154,401.75

OpenStudy (anonymous):

I think that's how it's done.

OpenStudy (anonymous):

Thank you. :)

OpenStudy (anonymous):

You're welcome! :)

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