4) Value of gold bar is V=2500 evt and interest rate r=0.07 please find the optimal value of t to maximize the present value. Show both first and second-order conditions.

College Algebra (MindTap Course List)
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ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
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Chapter6: Linear Systems
Section6.8: Linear Programming
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4) Value of gold bar is V=2500 evt and interest rate r=0.07 please find the optimal value
of t to maximize the present value. Show both first and second-order conditions.
Transcribed Image Text:4) Value of gold bar is V=2500 evt and interest rate r=0.07 please find the optimal value of t to maximize the present value. Show both first and second-order conditions.
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