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As the financial consultant to a classic auto dealership, you estimate that the total value (In dollars) of its collection of 1959 Chevrolets and Fords
As the financial consultant to a classic auto dealership, you estimate that the total value (In dollars) of its collection of 1959 Chevrolets and Fords is given by the formula v = 304,000 + 1,010t2 (t 5) where t is the number of years from now. You anticipate a continuous inflation rate of 5% per year, so that the discounted (present) value of an item that will be worth $v in t years' time is p ve-0.05t When would you advise the dealership to sell the vehlcles to maximlze thelr discounted value? (Round your answer to one declmal place.) years from now
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