Question: Problem 4-115 (algorithmic) Question Help If a nominal interest rate of 8% is compounded continuously, determine the unknown quantity in each of the following situations:

Problem 4-115 (algorithmic) Question Help If a nominal interest rate of 8% is compounded continuously, determine the unknown quantity in each of the following situations: a. What uniform EOY amount for 9 years is equivalent to $8,500 at EOY 9? b. What is the present equivalent value of $1,100 per year for 11 years? c. What is the future equivalent at the end of the sixth year of $241 payments made every six months during the six years? The first payment occurs six months from the present and the last occurs at the end of the sixth year. d. Find the equivalent lump-sum amount at EOY nine when Po = $1,000 Click the icon to view the interest and annuity table for continuous compounding when i = 8% per year. a. The uniform EOY amount is $ 671. (Round to the nearest dollar.) b. The present equivalent value $1,100 per year for 11 years is $ 7729. (Round to the nearest dollar.) c. The future equivalent is $ (Round to the nearest dollar.)
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