Solve the problem. Round your answer to the nearest whole number.The capital value of an asset is defined as 
, where k is the annual rate of interest compounded continuously and R(t) gives the annual rate at which earnings are produced by the asset at time t. Suppose an asset produces a perpetual stream of income with a flow rate of R(t) = 1200e0.03t . Find the capital value at an interest rate of 7% compounded continuously.
A. $17,142
B. $30,000
C. $40,000
D. $12,000
Answer: B
Mathematics
You might also like to view...
Graph the quadratic equation: y= -4x²+8x-3
What will be an ideal response?
Mathematics
Use the square root property to solve the equation.x2 + 121 = 0
A. {11} B. {-11, 11} C. {-11i, 11i} D. {14,641}
Mathematics
Solve the equation.(-6p - 6)2 = 14(-6p - 6) - 48
A. 2, 
B. 0, - 
C. - 2, - 
D. 6, 8
Mathematics
Multiply.
? 
A. 
B. 
C. 
D. x + 2
Mathematics