Find the present value of $10,000 due in 8 years if the interest is 4.8% compounded continuously. O $16,160.74 O $2,149.36 O $14,681.45 O $6,811.31

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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Find the present value of $10,000 due in 8 years if the interest is 4.8% compounded
continuously.
$16,160.74
$2,149.36
$14,681.45
$6,811.31
Transcribed Image Text:Find the present value of $10,000 due in 8 years if the interest is 4.8% compounded continuously. $16,160.74 $2,149.36 $14,681.45 $6,811.31
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