SOLUTION: Good day, please help me solve this below. I am confused on the "continously" part. 1.Find the present value, using the present value formula and a calculator. (Round to the nea

Question 754039: Good day, please help me solve this below. I am confused on the "continously" part.
1.Find the present value, using the present value formula and a calculator. (Round to the nearest cent).
Achieve $225,500 at 8.75% compounded countinously for 8 years, 145 days.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
1.Find the present value, using the present value formula and a calculator. (Round to the nearest cent).
Achieve $225,500 at 8.75% compounded countinously for 8 years, 145 days.
-----------------
145 days = 145/365 =~ 0.39726

PV =~ $107914.60
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