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Please show work and explain how to get answer. An initial deposit of $22,000 is made into an account that earns 40% compounded continuously Money
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An initial deposit of $22,000 is made into an account that earns 40% compounded continuously Money is then withdrawn at a constant rate of $2,500 a year until the amount in the account is 0. Find the amount in the account at any time t When is the amount 0? What is the total amount withdrawn from the account? The amount A in the account at any time t must satisfy the following d4 -0.04A= 2500 (0)= 22,000 di (Type an equation. Do not include the $ symbol in your answer) What is the amount in the account for any timet? Aft) = 62.500 - 40,500 0.040" When is the amount 0? The amount is 0 after 10.847' years. (Do not round until the final answer. Then round to three decimal places as needed.) What is the total amount withdrawn from the account? A total of 27.118 was withdrawn in the time before the account was martin An initial deposit of $22,000 is made into an account that earns 40% compounded continuously Money is then withdrawn at a constant rate of $2,500 a year until the amount in the account is 0. Find the amount in the account at any time t When is the amount 0? What is the total amount withdrawn from the account? The amount A in the account at any time t must satisfy the following d4 -0.04A= 2500 (0)= 22,000 di (Type an equation. Do not include the $ symbol in your answer) What is the amount in the account for any timet? Aft) = 62.500 - 40,500 0.040" When is the amount 0? The amount is 0 after 10.847' years. (Do not round until the final answer. Then round to three decimal places as needed.) What is the total amount withdrawn from the account? A total of 27.118 was withdrawn in the time before the account was martinStep by Step Solution
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