Find the present value of $6000 payable at the end of 4 years, if money may be invested at 9% with interest compounded continuously. The present value of $6000 is $ (Round to the nearest cent as needed.) C
Find the present value of $6000 payable at the end of 4 years, if money may be invested at 9% with interest compounded continuously. The present value of $6000 is $ (Round to the nearest cent as needed.) C
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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Question
Question content area top
Part 1
Find the present value of
$ 6000$6000
payable at the end of
44
years, if money may be invested at
99%
with interest compounded continuously.Question content area bottom
Part 1
The present value of
$ 6000$6000
is
$enter your response here.
(Round to the nearest cent as needed.)AI-Generated Solution
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