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 4% compounded continuously. Round to the nearest dollar.
A. $100,000
B. $150,000
C. $125,000
D. $130,000
Answer: C
Mathematics
You might also like to view...
Find the number of subsets of the set.{7, 8, 9}
A. 6 B. 3 C. 7 D. 8
Mathematics
Solve the problem.Given a group of students: G = {Allen, Brenda, Chad, Dorothy, Eric, Frances, Gale}, count the number of different ways of choosing 4 people for a committee. Assume no one can hold more than one office and that each person is to hold a different position on the committee.
A. 2401 B. 5040 C. 840 D. 35
Mathematics
Find the radius of convergence and the interval of convergence of the power series.
Mathematics
Solve the problem.Find the value for x in the rectangular prism. Use exact values. 7 in.
A. 3 in.
B. in.
C. 2 in.
D. 310 in.
Mathematics