Ask Question
17 February, 04:43

Estimate the present value of an annuity if payments are $770 monthly for 12 years and the account earns interest at the rate of 10%/yr compounded continuously. (Round your answer to two decimal places.)

+5
Answers (1)
  1. 17 February, 05:07
    0
    770 * 12 * 12 = 110880 →10%→10:100=x:110880

    100x=1108800

    x=1.1088*10 in power of four
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Estimate the present value of an annuity if payments are $770 monthly for 12 years and the account earns interest at the rate of 10%/yr ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers