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Click to see additional instructions You own real estate the market value of which t years from now is V(t) = 10000et to the power 0.5 Assuming that the interest rate for the foreseeable future will remain at 7 percent, find the optimal selling time. Note: Please answer using whole numbers. Answer: The optimal selling time is approximately years from now. Note: See Textbook, Ch. 5

Click to see additional instructions You own real estate the market value of which t years from now is V(t) = 10000et to the power 0.5 Assuming that the interest rate for the foreseeable future will remain at 7 percent, find the optimal selling time. Note: Please answer using whole numbers. Answer: The optimal selling time is approximately years from now. Note: See Textbook, Ch. 5

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Click to see additional instructions You own real estate the market value of whicht years from now is V(t) = 10000et to the power 0.5 Assuming that the interest rate for the foreseeable future will remain at 7 percent, find the optimal selling time. Note: Please answer using whole numbers. Answer: The optimal selling time is approximately years from now. Note: See Textbook, Ch. 5
Transcribed Image Text:Click to see additional instructions You own real estate the market value of whicht years from now is V(t) = 10000et to the power 0.5 Assuming that the interest rate for the foreseeable future will remain at 7 percent, find the optimal selling time. Note: Please answer using whole numbers. Answer: The optimal selling time is approximately years from now. Note: See Textbook, Ch. 5
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