Answer
$ \$ 59.71$
Work Step by Step
Recall:
Present Value Formula for Continuous Compounding
$$P= A e^{-r t}$$
where
$A:$ Amount to be recieved after $t$ years
$P:$ Present value
$r:$ Annual interest rate
$t:$ Number of years
The given problem has:
$A = \$ 80, r=0.09, t=3.25$
Thus, using the given values and the formula above gives:
$P = \$80 \times e^{-0.09 \times 3.25}$
$P \approx \$ 59.71$
