fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Find the present value of 9000 payable at the end of 2 years, if money may be invested at 8% with interest compounded continuously.

Solution

F in d t h e p rese n t v a l u e o f 9000 p a y ab l e a t t h e e n d o f 2 ​ ye a rs, i f m o n ey ma y b e in v es t e d a t 8​% w i t h in t eres t co m p o u n d e d co n t in u o u s l y .

Solution

Amount : 10561.6

étapes des solutions

Translate the problem into an equation:

A = 9000 e^{0.08 \cdot 2}

9000 e^{0.08 \cdot 2} = 10561.59783 \dots

Arrondir à hundredth la plus proche:

10561.6

Amount : 10561.6

Exemples populaires

A number is four times another number. Their sum is 60. What are the numbers?Chandler opened a savings account and deposited 8,000.00 as principal. The account earns 13% interest, compounded annually. What is the balance after 2 years?the total surface aire of a cube is 1176 in^2. what is the length of each side of the cube?8% of a number is 20 Find the number. When a number is doubled and then added to 24 , the result is 49 Find the number.