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Solve using method of undetermined coefficients: A college professor contributes $ 5 , 0 0 0 per year into her retirement fund by making many
Solve using method of undetermined coefficients:
A college professor contributes $ per year into her retirement fund by making
many small deposits throughout the year. The fund grows at a rate of per year
compounded continuously. After years, she retires and begins withdrawing from
her fund at a rate of $ per month. If she does not make any deposits after retire
ment, how long will the money last? Hint: Solve this in two steps, before retirement
and after retirement.
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