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The value of a tract of timber is V(t) = 100,000e0.72t where t is the time in years, with t = 0 corresponding to
The value of a tract of timber is V(t) = 100,000e0.72t where t is the time in years, with t = 0 corresponding to 2010. If money earns interest continuously at 9%, then the present value of the timber at any time t is A(t) = v(t)e-0.09+ Find the year in which the timber should be harvested to maximize the present value function. Need Help? Read It Watch It Master It
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Discrete Mathematics and Its Applications
Authors: Kenneth H. Rosen
7th edition
0073383090, 978-0073383095
