So your present value is 7750. this is what you have now. they give you the intesrest rate which is 4% and how the amount of year is 5.
recall the formula for a compounded continously is
P×e^(r×t)
the answer is 7750×e^(.04×5)
Answer:
3/2 or 1 1/2
Step-by-step explanation:
The answer is B12 hope this helped
