96.3k views
4 votes
What is the present value of 1,000,000 in 30 years at 3% compounded continuously?

User Smathy
by
6.2k points

1 Answer

5 votes
1000000=PVe^(30x0.03)
1000000=PV x 2.4596
PV=406569.65974
☺☺☺☺
User Idle Sign
by
6.8k points