You manage a small antique store that owns a collection of Louis XVI jewelry boxes....
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You manage a small antique store that owns a collection of Louis XVI jewelry boxes. Their value v is increasing according to the formula 12,000 V= 1 + 500e -0.5: where t is the number of years from now. You anticipate an inflation rate of 1% per year, so that the present value of an item that will be worth $v in t years' time is given by p = v(1.01) In how many years from now will the greatest rate of increase of the present value of your antiques be attained? Round your answer to two decimal places. a. t= 3.07 years b. t = 24.55 years c. t= 11.27 years d. t=6.14 years e. t = 12.27 years You manage a small antique store that owns a collection of Louis XVI jewelry boxes. Their value v is increasing according to the formula 12,000 V= 1 + 500e -0.5: where t is the number of years from now. You anticipate an inflation rate of 1% per year, so that the present value of an item that will be worth $v in t years' time is given by p = v(1.01) In how many years from now will the greatest rate of increase of the present value of your antiques be attained? Round your answer to two decimal places. a. t= 3.07 years b. t = 24.55 years c. t= 11.27 years d. t=6.14 years e. t = 12.27 years
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