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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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.)
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
Transcribed Image Text: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
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