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(10%) 6. A real-estate broker just bought a new building consisting of 20 apartments for the price of 8 million dollars. She estimated that at
(10%) 6. A real-estate broker just bought a new building consisting of 20 apartments for the price of 8 million dollars. She estimated that at a price "p" per apartment, the number of apartments sold in a year is: q=20-p (1 unit of price is $100,000). Use a 10% annual discount rate and continuous compounding to find the price that maximizes the broker's present worth. (10%) 6. A real-estate broker just bought a new building consisting of 20 apartments for the price of 8 million dollars. She estimated that at a price "p" per apartment, the number of apartments sold in a year is: q=20-p (1 unit of price is $100,000). Use a 10% annual discount rate and continuous compounding to find the price that maximizes the broker's present worth
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