Solve the problem.Capital value is defined as
where k is the annual rate of interest compounded continuously. Find the capital value of an asset that produces $5000 yearly income at 6% compounded continuously. Round to the nearest dollar.
A. $80,000
B. $100,000
C. $83,333
D. $85,000
Answer: C
You might also like to view...
Solve the problem.In the circle with center O below, if measures 50 inches, and the length of
is 34 inch(es) less than the length of
, what are the lengths of
and
?
style="vertical-align: 0.0px;" height="161" width="167" />
A. measures 47 inches;
measures 13 inches
B. measures 50 inches;
measures 16 inches
C. measures 48 inches;
measures 14 inches
D. measures 53 inches;
measures 19 inches
Match the point in polar coordinates with either A, B, C, or D on the graph.(2, 0)
A. C B. A C. D D. B
Fill in the blank with one of the words or phrases listed below.The equation y = 7x - 5 is written in
form.
A. direct B. standard C. slope-intercept D. point-slope
For problems 7-12, solve the equations. If the solution is irrational, round to the nearest ten-thousandth.
A.
B.
C.
D.
E. none of these