Find the present value of $ 5000 payable at the end of 2 years, if money may be invested at 7% with interest compounded continuously.
The present Value of $5,000 would be $4,367.19
Workings:
Present Value = Future Value/(1+R)^n
= $5000/(1+0.07)^2
=$4,367.19
Find the present value of $ 5000 payable at the end of 2 years, if money...