Estimate the present value of an annuity if payments are $500 monthly for 19 years and the account earns interest at the rate of 8% / year compounded continuously. Round your answer to the nearest dollar.
A) $56,454
B) $57,363
C) $62,918
D) $58,597

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The Answer of Estimate the present value of an annuity if payments are $500 monthly for 19 years and the account earns interest at the rate of 8% / year compounded continuously. Round your answer to the nearest dollar.
A) $56,454
B) $57,363
C) $62,918
D) $58,597

Estimate the Present Value of an Annuity If Payments Are