SOLUTION: Find the principal needed now to get each amount; that is, find the present value. To get $800 after 2.5 years at 8% compounded continuously.

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: Find the principal needed now to get each amount; that is, find the present value. To get $800 after 2.5 years at 8% compounded continuously.      Log On


   



Question 418769: Find the principal needed now to get each amount; that is, find the present value.
To get $800 after 2.5 years at 8% compounded continuously.

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Find the principal needed now to get each amount; that is, find the present value.
To get $800 after 2.5 years at 8% compounded continuously.
--------------
800+=+A%2Ae%5E%280.08%2A2.5%29
A+=+800%2Fe%5E%280.08%2A2.5%29
Amt =~ $654.98