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 income from an investment starts (at time 0) at $8000 a year and increases linearly and continuously at a rate of $300 per year. Find the capital value at an interest rate of 6% compounded continuously.
A. $133,333
B. $138,333
C. $2,222,222
D. $216,667
Answer: D
You might also like to view...
Solve.If Gloria received a 7 percent raise and is now making $22,470 a year, what was her salary before the raise?
A. $21,470 B. $22,000 C. $20,470 D. $21,000
Find the indicated term for the arithmetic sequence.10, 15, 20, . . . ; a20
A. 105 B. -85 C. 110 D. -90
Determine the real solutions to the system of nonlinear equations.x2 - 3y2 - 1 = 04x2 + 3y2 - 19 = 0
A. (2, 1), (2, -1), (-2, 1), (-2, -1) B. (-1, 2), (1, -2) C. (1, 2), (-1, 2), (1, -2), (-1, -2) D. (2, 1), (-2, -1)
Solve the problem. Round to an appropriate number of significant digits.Twice the water flow in the hot-water pipe is the same as three times the flow in the cold-water pipe. The combined flow is 1300 ?/hr. What is the flow in each pipe?
A. 780 ?/hr hot, 520 ?/hr cold B. 433 ?/hr hot, 650 ?/hr cold C. 520 ?/hr hot, 780 ?/hr cold D. 650 ?/hr hot, 433 ?/hr cold