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23 March, 15:44

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.)

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  1. 23 March, 16:44
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    770 * 12 * 12 = 110880 →10%→10:100=x:110880

    100x=1108800

    x=1.1088*10 in power of four
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