What is the property optimal present value

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Reference no: EM131563833

Question: OPTIMAL SELLING TIME The present value of a piece of waterfront property purchased by an investor is given by the function

P(t) = 80,000e√t/2 - 0.09t           (0 ≤ t ≤ 8)

Where P(t) is measured in dollars and t is the time in years from the present. Determine the optimal time (based on present value) for the investor to sell the property. What is the property's optimal present value?

Reference no: EM131563833

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