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Congratulations! Youve just won $1,000,000! (Note: thats one million dollars, not one million factorial dollars... ).You deposit your winnings into a fund that oers a
Congratulations! Youve just won $1,000,000! (Note: thats one million dollars, not one million factorial dollars... ).You deposit your winnings into a fund that oers a guaranteed annual rate of return of 4%. Each year you withdraw $150,000.
Let A(t) be the amount of money in the fund after t years. Write an initial value problem that is satisfied by A(t).
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