1. The value of a parcel of land bought for speculation is increasing according to the formula V=2 If the interest rate is 10 percent, how long should the parcel be held to maximize present value? = 2000et¹/4

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
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Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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1. The value of a parcel of land bought for speculation is increasing according to the formula
V=2000e' If the interest rate is 10 percent, how long should the parcel be held to
maximize present value?
Transcribed Image Text:1. The value of a parcel of land bought for speculation is increasing according to the formula V=2000e' If the interest rate is 10 percent, how long should the parcel be held to maximize present value?
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