The value of a tract of timber is V(t) = 100,000e 0.8t where t is the time

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The value of a tract of timber is V(t) = 100,000e^0.8√twhere t is the time in years, with t = 0 corresponding to 2010. If money earns interest continuously at 10%, then the present value of the timber at any time t is A(t) = V(t)e^-0.10t.

Find the year in which the timber should be harvested to maximize the present value function.

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Calculus Of A Single Variable

ISBN: 9781337275361

11th Edition

Authors: Ron Larson, Bruce H. Edwards

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Question Posted: May 04, 2023 03:12 AM

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The value of a tract of timber is V(t) = 100,000e 0.8t where t is the time

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We need to determine the largest value of At with regard to t in order to determine the year ...View the full answer

Calculus Of A Single Variable

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