#### chatty06

##### New Member

The question is just asking to get the present value of a bond that is expected to be $85 after 1 year at a continuous interest rate of 5%.

In the answer it says it should be $80.85 but when I run my PV calcs I get 80.95. Any thoughts? I tried both on my calculator and in excel and I get the same price. This seems like a simple calculation.

Thanks for the help.