Asked by Deeno
The present value of a building in the downtown area is given by the function
P(t) = 300,000e^-0.09t+¡Ìt/2 f or 0 ¡Ü t ¡Ü 10
Find the optimal present value of the building. (Hint: Use a graphing utility to graph the function, P(t), and find the value of t0 that gives a point on the graph, (t0, P(t0)), where the slope of the tangent line is 0.)
P(t) = 300,000e^-0.09t+¡Ìt/2 f or 0 ¡Ü t ¡Ü 10
Find the optimal present value of the building. (Hint: Use a graphing utility to graph the function, P(t), and find the value of t0 that gives a point on the graph, (t0, P(t0)), where the slope of the tangent line is 0.)
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