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Q39). Land bought for speculation is increasing in value according to the formula: V= 1000e t1/3 The interest rate under continuous compounding is 0.09. How

Q39). Land bought for speculation is increasing in value according to the formula:

V= 1000e^t1/3

The interest rate under continuous compounding is 0.09. How long should the land be held to maximize its present value? Be sure to check for the second-order conditions.

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