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What value of t is the present value increasing most rapidly

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Reference no: EM132059608

It is estimated that the total value of a stamp collection is given by the formula v=46300 +100t^2, 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' is given by p=ve^(-.04t). At what value of t is the present value increasing most rapidly?

Reference no: EM132059608

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