Suppose you win a parcel of land whose market value t years from now is estimated to

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Suppose you win a parcel of land whose market value t years from now is estimated to be

dollars. If the prevailing interest rate remains constant at 7% compounded continuously, when will it be most advantageous to sell the land? (Use a graphing utility and ZOOM and TRACE to make the required determination.)

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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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Question Posted: Jun 19, 2023 09:04 AM

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Suppose you win a parcel of land whose market value t years from now is estimated to

Question:

V(t)=20,000te 20,000te V0.4t

Step by Step Answer:

A graphing utility ...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

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