per
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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You want to go on a world holiday in 10 years time. You work out you need $80,000 for your holiday. So you start saving every month at the end of the month and you get 5% per year compound monthly interest. For the first 5 years you save $800 a month but things go wrong after 5 years and you can only save $200 a month. After 10 years has he saved enough money or does he need to get more money?
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