An investor purchased a piece of waterfront property. Because of the development of a marina in the vicinity, the market value of the property is expected to increase according to the rule
where V(t) is measured in dollars and t is the time in years from the present. If the inflation rate is expected to be 10% compounded continuously for the next 8 years, what is P(t) expected to be in 4 years? Round your answer to the nearest dollar.
?
A. $136,669
B. $136,649
C. $136,679
D. $136,659
E. $136,639
Answer: D
Mathematics
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