Solve the problem.It is estimated that the total value of a stamp collection is given by the formula
where t is the number of years from now. If the inflation rate is running continuously at 4% per year so that the (discounted) present value of an item that will be worth $v in t years' time is given by
Sketch the graph of the discounted value as a function of time at which the stamp collection is sold. At what value of t is the present value increasing most rapidly?
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A. t = 21.05
B. t = 19.05
C. t = 24.15
D. t = 18.75
Answer: A
Mathematics
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C. <
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Quadrant IV
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A. 1
B.
C.
D. 2
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