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 7% compounded continuously. Round to the nearest dollar.
A. $71,429
B. $70,000
C. $75,000
D. $83,333
Answer: A
Mathematics
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C.
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A.
B.
C.
D.
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Determine the slope and the x- and y-intercepts of the line.x = 5
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