An investor deposits $8000 into an account that pays 6% compounded continuously and then begins to withdraw
Question:
An investor deposits $8000 into an account that pays 6% compounded continuously and then begins to withdraw from the account continuously at a rate of $1200 per year.
(a) Write a differential equation to describe the situation.
(b) How much will be left in the account after 2 years?
(c) When will the account be completely depleted?
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a b To solve for A first separate the variables Integrate S...View the full answer
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