Suppose the value of timber (already planted on some given land) is the following increasing function of time; V = 1000(2)V And the interest rate is 6%; the correspond number is infinite; there is no upkeep cost during the period. What is the optimal timing to cut all trees and sell? |3D O a. 25 years O b. Just five years O C. Almost 39,1 years O d. Almost 33,4 years O e. Almost 12 years

Suppose the value of timber (already planted on some given land) is the following increasing function of time; V = 1000(2)V And the interest rate is 6%; the correspond number is infinite; there is no upkeep cost during the period. What is the optimal timing to cut all trees and sell? |3D O a. 25 years O b. Just five years O C. Almost 39,1 years O d. Almost 33,4 years O e. Almost 12 years

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...

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