Question

Find the capitalized cost C of an asset forever. The capitalized cost is given by where is the original investment, t is the time in years, r = 12% is the annual interest rate compounded continuously, n is the total time in years over which the asset is capitalized, and is the annual cost of maintenance (measured in dollars). Round your answer to two decimal places.
A) $1,525,000.00
B) $1,275,000.00
C) $1,108,333.33
D) $1,299,218.75
E) $1,247,222.22

Answer

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