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Solve the Problem v=44,700+100t2v=44,700+100 t^{2} , Where tt Is the Number of Years from Now

Question 213

Multiple Choice

Solve the problem.
-It is estimated that the total value of a stamp collection is given by the formula v=44,700+100t2v=44,700+100 t^{2} , where tt is the number of years from now. If the inflation rate is running continuously at 4%4 \% per year so that the (discounted) present value of an item that will be worth $v\$ v in tt years' time is given by p=ve.04t\mathrm{p}=\mathrm{ve}^{-.04 \mathrm{t}} . Sketch the graph of the discounted value as a function of time at which the stamp collection is sold. At what value of tt is the present value increasing most rapidly?
 Solve the problem. -It is estimated that the total value of a stamp collection is given by the formula  v=44,700+100 t^{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' time is given by  \mathrm{p}=\mathrm{ve}^{-.04 \mathrm{t}} . Sketch the graph of the discounted value as a function of time at which the stamp collection is sold. At what value of  t  is the present value increasing most rapidly?    A)   t=19.66  B)   t=24.76  C)   t=19.36  D)   t=21.66


A) t=19.66t=19.66
B) t=24.76t=24.76
C) t=19.36t=19.36
D) t=21.66t=21.66

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