Find the present value of $4000 payable at the end of 4 years, if money may be invested at 6% with interest compounded continuously. ...

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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8. Solve the problem and round to the nearest cent as needed
Find the present value of $4000 payable at the end of 4 years, if money may be invested at 6% with interest compounded
continuously.
The present value of $4000 is $. (Round to the nearest cent as needed.)
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Transcribed Image Text:Find the present value of $4000 payable at the end of 4 years, if money may be invested at 6% with interest compounded continuously. The present value of $4000 is $. (Round to the nearest cent as needed.) Get more help - Clear all Check answer ©2022 McGraw Hill. All Rights Reserv Type here to search 1O
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