1 answer

As the financial consultant to a classic auto dealership, you estimate that the total value (in dollars) of its collection

Question:

As the financial consultant to a classic auto dealership, you estimate that the total value (in dollars) of its collection of 1959 Chevrolets and Fords is given by the formula v = 308,000 + 980t^2 (t ≥ 5) where t is the number of years from now. You anticipate a continuous inflation rate of 5% per year, so that the discounted (present) value of an item that will be worth $v in t years' time is p = ve^−0.05t. When would you advise the dealership to sell the vehicles to maximize their discounted value? (Round your answer to one decimal place.) years from now


Answers

P-ve-005t -00St for waxmum disuo unted value O ost 0 301,00+ 916010) dt dE 940 (4) O.oSt 1bt 0.0s 30ßoo0980tL) ruary 2013 MTo cala t= 29,258

.

Similar Solved Questions

1 answer
MATLAB ONLY!!! PLEASE WRITE IN COMPUTER SO I CAN COPY PASTE!!! ANSWER COMPLETELY, IS ONLY ONE...
MATLAB ONLY!!! PLEASE WRITE IN COMPUTER SO I CAN COPY PASTE!!! ANSWER COMPLETELY, IS ONLY ONE PROGRAM!!! Body surface Area (Problem 6 Page 249). The body surface area (BSA) in m? of a person (used for determining dosage of medications) can be calculated by the formula (Du Bois formula): BSA = 0.007...
1 answer
Action plan for tax planning: What tax strategies will we utilize to pay every penny owe...
action plan for tax planning: What tax strategies will we utilize to pay every penny owe to the government, and not a penny more (for a given level of income of $50000/ year)? What strategies will take to reduce taxable income....
1 answer
In exercising their investigative functions, administrative agencies are excluded from using subpoena powers. True or False?
In exercising their investigative functions, administrative agencies are excluded from using subpoena powers. True or False?...
1 answer
3) If a 30-cm ruler with a smallest division of 1 mm is used for a...
3) If a 30-cm ruler with a smallest division of 1 mm is used for a measurement, which of the following choices cannot be considered as a precise result of using this ruler. Circle the worst choices: 5.223124 cm 5.22 cm 0.052 m 5 cm 0.0522 m 5 m 26 6) Sum all the values in 3) and express the sum with...
1 answer
Mes vistes de gar d er Course University my math lab wyclemiss NA KK Academy -...
Mes vistes de gar d er Course University my math lab wyclemiss NA KK Academy - Obed 8. - 1 points SerCP119.7.P.042 My Notes Ask Your Teach Water moves through a constricted pipe in steady, ideal flow. At the lower point shown in the figure below, the pressure is 1.85.10 Pa and the pipe radusis 2.60 ...
1 answer
2. A nuclear fuel rod with diameter of D=40 mm and length L=1m, has properties of...
2. A nuclear fuel rod with diameter of D=40 mm and length L=1m, has properties of k=1 W/mK, c=1600J/kg-K, and p=400 kg/m² (a)Heat is generated uniformly in the rod with q'"' = 2 x 106 W/m. The rod is first cooled in oil with constant temperature To= 400 K and average heat transfer c...
1 answer
NA Question 9 (1 point) In 2017. Antle Inc. had acquired Demski Co. and recorded goodwill...
NA Question 9 (1 point) In 2017. Antle Inc. had acquired Demski Co. and recorded goodwill of $245 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2018 year-end book value of $580 million. Antle assessed the fair value of Demski at this date t...
1 answer
Incorrect Question 7 0/1 pts Lab 9: Complete the Steps. Note: You will need to type...
Incorrect Question 7 0/1 pts Lab 9: Complete the Steps. Note: You will need to type the command with the hello folder included as follows: git add hello/hello.rb The. in the git add. command represents the current____ and will add all changes to files and folders within it. If you are getting errors...
1 answer
Question 4 (14 Marks) Johnstone Brewers Inc. uses the FIFO method in its process costing system....
Question 4 (14 Marks) Johnstone Brewers Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: Work in process, beginning Units in process Stage of completion with respect to materials St...
1 answer
FIND THE STRESS IN THE FOLLOWING ELEMENTS : 4 z kips 300 18k 3/4 BOLT RADIOS...
FIND THE STRESS IN THE FOLLOWING ELEMENTS : 4 z kips 300 18k 3/4 BOLT RADIOS ROD vok V 2kIPS 1 3600# STRESS = EDO THE ELGULATION OF A 4 DIAMETER CASE TU ke Mopulous OF ELASTICITY OF STEEL 13 30,000 KSI 4oft STEEL CABLE 10 к...
1 answer
In the circular flow, households supply goods and services in product market supply factors of production...
In the circular flow, households supply goods and services in product market supply factors of production in the factor market use the resources for production buy factors of production in the factor market...
1 answer
Set up the integral that would give the area that is bounded between these functions. y...
Set up the integral that would give the area that is bounded between these functions. y = ĝ x = y2 – 4y A = ---Select--- A...
1 answer
Please show work and use this chart if needed: Blums Inc. expects its operating income over the coming year to equal $3 million, with a standard deviation of $500,000. Its coefficient of variation i...
Please show work and use this chart if needed: Blums Inc. expects its operating income over the coming year to equal $3 million, with a standard deviation of $500,000. Its coefficient of variation is equal to 0.15.Blums must pay interest charges of $2m next year and preferred stock dividends of $10...