Answer
$P \approx 17302.93$
Work Step by Step
To find the present value for an interest rate $r=0.046$ compounded continuously for $t=8$ years
$A=Pe^{rt}$
$25000=Pe^{0.046(8)}$
$P = \frac{25000}{e^{0.046(8)}} \approx 17302.93$
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