Question: leb Solving A = Pert for P, we obtain P = Ae which is the present value of the amount A due in t years

 leb Solving A = Pert for P, we obtain P =

leb Solving A = Pert for P, we obtain P = Ae "which is the present value of the amount A due in t years if money earns interest at an annual nominal rate r compounded continuously. For the function P =5,000e .09, in how many years will the $5,000 be due in order for its present value to be $4,000? In years, the $5,000 will be due in order for its present value to be $4,000. (Type an integer or decimal rounded to the nearest hundredth as needed.) Prer d VP

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