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Achieve $225,500 at 8.85% compounded continuously for 8 years, 155 days
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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
I think that's how it's done.
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