(see attached)) What is the Present Discounted Value? Please show the steps. I thought it was 12.26 but when i checked online, multiple people said that was wrong on Chegg. Consider a forester who must decide when to cut down a growing tree. Suppose the net value of the tree at any continuous time \( t \) is given by \( f(t) = 10\exp\{0.01t^2\} \). Assume also that the (continuous) market interest rate is given by \( r = 0.04 \). The present discounted value of the tree owner 10 years after it is planted is [PDV]. (NOTE: Write your first...

# If the continous interest rate is r% , then the future value a amount P is given as: =>…

Answered: Consider a forester who must decide…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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(see attached)) What is the Present Discounted Value? Please show the steps. I thought it was 12.26 but when i checked online, multiple people said that was wrong on Chegg.

Consider a forester who must decide when to cut down a growing tree. Suppose the net value of the tree at any continuous time \( t \) is given by \( f(t) = 10\exp\{0.01t^2\} \). Assume also that the (continuous) market interest rate is given by \( r = 0.04 \). The present discounted value of the tree owner 10 years after it is planted is [PDV]. (NOTE: Write your first...

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