Forestry The value V (in dollars) of a tract of timber can be modeled by where

Chapter 4, Problem 46

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Forestry The value V (in dollars) of a tract of timber can be modeled by where corresponds to 1990. If money earns interest at a rate of 4%, compounded continuously, then the present value A of the timber at any time t is Find the year in which the timber should be harvested to maximize the present value.

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