Another major university hires a different famous Texas millionaire to manage its endowment. This millionaire starts with $340 million, brings back $355 million the next year, and claims to be able to guarantee a linear increase in funds thereafter.
a. How much money will this university have after 8 years?
b. Graph the endowment as a function of time.
c. Write the discrete-time dynamical system, graph, and cobweb starting from $340 million.
d. Which university do you think will do better in the long run? Which Texan would you hire?