n investor purchased a piece of waterfront property. Because of the development of a marina in the vicinity, the market alue of the property is expected to increase according to the rule v(t) = 50,000e" here V(t) is measured in dollars and t is the time (in years) from the present. If the rate of appreciation is expected to %/year compounded continuously for the next 8 years, find an expression for the present value P(t) of the property's harket price valid for the next 8 years. (t) =| /hat is P(t) expected to be in 2 years? (Round your answer to the nearest cent.)

n investor purchased a piece of waterfront property. Because of the development of a marina in the vicinity, the market alue of the property is expected to increase according to the rule v(t) = 50,000e" here V(t) is measured in dollars and t is the time (in years) from the present. If the rate of appreciation is expected to %/year compounded continuously for the next 8 years, find an expression for the present value P(t) of the property's harket price valid for the next 8 years. (t) =| /hat is P(t) expected to be in 2 years? (Round your answer to the nearest cent.)

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter10: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 442RE: Jerome invests $18,000 at age 17. He hopes the investments will be worth $30,000 when he turns 26....

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