Aaron owns a stamp collection that is currently worth $1,200 and whose value increases linearly at the
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Aaron owns a stamp collection that is currently worth $1,200 and whose value increases linearly at the rate of $200 per year. If the prevailing interest rate remains constant at 8% per year compounded continuously, when will it be most advantageous for Aaron to sell the collection and invest the proceeds?
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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