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Find the present value of ​10,000 if the interest paid is at a rate of 8​% compounded continuously for 3 years.

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解答

Findthepresentvalueof​10,000iftheinterestpaidisatarateof8​%compoundedcontinuouslyfor3years.

解答

Amount:12712.49
求解步骤
Translate the problem into an equation:A=10000e0.08⋅3
10000e0.08⋅3=12712.49150…
Round to the nearest hundredth:12712.49
Amount:12712.49

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