Find the Present Value of $59,835 Due in 3 Year(s)

question 20

Short Answer

Find the present value of $59,835 due in 3 year(s) at an interest rate of 9% / year compounded continuously. Round your answer to the nearest dollar.
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$__________

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Definitions:

Electroencephalography

A medical imaging technique that records electrical activity in the brain using electrodes placed on the scalp.

Computed Tomography

A medical imaging technique that uses computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object.

Electrical Current

The flow of electric charge through a conductor, typically measured in amperes.

Insulated Wire

A type of wire that is covered with a material to prevent electric current from escaping or entering.