Question: Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Hint: Use a 365-day year when

Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Hint: Use a 365-day year when compounding continuously.

Achieve $225,500 at 8.35% compounded continuously for 8 years, 155 days.

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