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If the present value of an item is P and we experience an inflation rate of r, which is compounded continuously, for t years, what will the future value of the item be? P = $0.8…

If the present value of an item is P and we experience an inflation rate of r, which is compounded continuously, for t years, what will the future value of the item be? P = $0.8…
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If the present value of an item is P and we experience an inflation rate of r, which is compounded continuously, for t years, what will the future value of the

item be?
P = $0.85
r = 7.5%
t = 12

User Anurodh Singh
by
8.5k points

1 Answer

6 votes

Answer: 2.09

Step-by-step explanation: 0.85e^0.075(12)

User Layna
by
8.2k points
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