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Problem 1: Your father donated you a famous painting by the well known artist Picallo. Its current value is estimated at dollars. 577,350.27 a. If
Problem 1: Your father donated you a famous painting by the well known artist Picallo. Its current value is estimated at dollars. 577,350.27 a. If the value of the painting grows according to the formula: V = 1,000,000x (2t + 1/3)12, then when is the optimal time to sell it? Assume that the interest rate is 12% per year continuously compounded. t stands for time and is measured in years. Time is set to zero at the present time. Problema: You bought a regular house which current value is 500,000. If the value of the house grows according to the formula V=1000,000 x (t +0.25). Where t is a time variable currently equal to zero and to 1 a year later, and the interest rate is 5% per year. 1- When is the optimal time to sell the house? de compute. its optimal selling value
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