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Part 2. 1. Jan owns a tree lot. She can cut trees anytime. The value of trees at time t is V = 2000e2+1/4 a)
Part 2. 1. Jan owns a tree lot. She can cut trees anytime. The value of trees at time t is V = 2000e2+1/4 a) If the interest rate is 5 %, how long should Jan keep the trees? Show your work. b) If Jan didn't own the trees already, how much could she pay for them and still earn a profit? c) If Jan were an environmentalist, how would that affect the problem? (Would it change one of the numbers she would use to complete her calculations? If yes, which one and how would it change?)
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