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Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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
Transcribed Image Text:A person planning for her retirement arranges to make continuous deposits into a savings account at the rate of $3400 per year. The savings account earns 4% interest compounded continuously.
(a) Set up a differential equation that is satisfied by f(t), the amount of money in the account at time t.
(b) Solve the differential equation in part (a), assuming that f(0) = 0, and determine how much money will be in the account at the end of 16 years.
4
(a) y' =
-y+ 3400
100
%3D
(Type an expression using y as the variable.)
t
(b) f(t) = 85000
25
- 1
There will be $
in the account at the end of 16 years.
(Round to the nearest integer as needed.)
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