An investor purchased a piece of waterfront property. Because of the development of a marina in the vicinity, the market value of the property is expected to increase according to the rule where V(t) is measured in dollars and t is the time in years from the present. If the inflation rate is expected to be 10% compounded continuously for the next 8 years, what is P(t) expected to be in 4 years? Round your answer to the nearest dollar.
A) $136,669
B) $136,649
C) $136,679
D) $136,659
E) $136,639

Question

An investor purchased a piece of waterfront property. Because of the development of a marina in the vicinity, the market value of the property is expected to increase according to the rule  where V(t) is measured in dollars and t is the time in years from the present. If the inflation rate is expected to be 10% compounded continuously for the next 8 years, what is P(t) expected to be in 4 years? Round your answer to the nearest dollar. ​
A) $136,669 
B) $136,649 
C) $136,679 
D) $136,659 
E) $136,639

Quizplus · Accepted Answer

The Answer of An investor purchased a piece of waterfront property. Because of the development of a marina in the vicinity, the market value of the property is expected to increase according to the rule  where V(t) is measured in dollars and t is the time in years from the present. If the inflation rate is expected to be 10% compounded continuously for the next 8 years, what is P(t) expected to be in 4 years? Round your answer to the nearest dollar. ​
A) $136,669 
B) $136,649 
C) $136,679 
D) $136,659 
E) $136,639

An Investor Purchased a Piece of Waterfront Property