If the present value of $1000 to be received in 5 years is $548.80, what rate of interest, compounded continuously, was used to compute this present value?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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If the present value of $1000 to be received in 5 years is $548.80, what rate of interest, compounded continuously, was used to compute this present value?

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