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Suppose $1,000,000 fund is established for a scholarship program in a school. Assume that the amount is deposited in a long-term saving bank account that

Suppose $1,000,000 fund is established for a scholarship program in a school. Assume that the amount is deposited in a long-term saving bank account that pays 6.75% yearly continuous interest rate with agreement that $15,000 will be withdrawn at the end of each year. Write a model whose solution predicts total balance in the bank after t years. Obtain the solution. Is this scholarship program sustainable?

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