document.write( "Question 201085: Find the present value of $15,000 due 5 years later at 6.1% compounded continuously.\r
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Algebra.Com's Answer #151929 by MathTherapy(10552)\"\" \"About 
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\n" ); document.write( "Present Value formula: \"P+=+A%2F%28e%5Ert%29\", where P = present value, A = future value, e = 2.7182818, r = interest rate, and t = time, in years.\r
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\n" ); document.write( "\n" ); document.write( "\"P+=+A%2F%28e%5Ert%29\" = \"P=15000%2F%282.7182818%5E%28%28.061%2A5%29%29%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"P=15000%2F%282.7182818%5E%28.305%29%29\" = \"P=15000%2F1.356625\" = \"highlight%28P=11056.85%29\"\r
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\n" ); document.write( "\n" ); document.write( "Therefore, a present value amount of $11,056.85 will yield $15,000 in 5 years, at an interest rate of 6.1%.
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