Question: You bought a regular house which current value is 500,000. If the value of the house grows according to the formula V=500,000 x (0.9t+1)13. The

You bought a regular house which current value is 500,000. If

You bought a regular house which current value is 500,000. If the value of the house grows according to the formula V=500,000 x (0.9t+1)13. The interest rate is 5% per year semi-annually compounded. t stands for time and is measured in years. Time is set to zero at the present time. 1. When is the optimal time to sell the house? 2- Compute its optimal selling value

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