A loan account accrues interest at a rate proportional to its value. Suppose that this interest is compounded continuously in time at interest rate r, and suppose that payments of p dollars per year are made in a way that can be considered to be continuous in time. write the differential equation and solve
A loan account accrues interest at a rate proportional to its value. Suppose that this interest is compounded continuously in time at interest rate r, and suppose that payments of p dollars per year are made in a way that can be considered to be continuous in time. write the differential equation and solve
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.85TI: Hector invests $10,000 at age 21. He hopes the investments will be worth when he turns 50. If the...
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A loan account accrues interest at a rate proportional to its value. Suppose that
this interest is compounded continuously in time at interest rate r, and suppose
that payments of p dollars per year are made in a way that can be considered
to be continuous in time.
write the differential equation and solve
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