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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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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.)

User Masquerade
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770 × 12 × 12 = 110880 →10%→10÷100=x÷110880
100x=1108800
x=1.1088×10 in power of four
User Joc
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