127. A wine seller determines that his newly acquired bottle of rare Bordeaux will increase in value
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127. A wine seller determines that his newly acquired bottle of rare Bordeaux will increase in value at the rate of 3.5% per annum with continuous compounding. He bought the bottle for $160 and wants to sell it when it is worth at least $600. How many years will he have to hold on to the bottle? (4.16)
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Related Book For
Engineering Economy
ISBN: 9781292265001
17th Global Edition
Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling
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