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Advanced Engineering Mathematics

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 have an inheritance of $100,000 from your grandparents, but you must invest the money in a mutual fund until you are 21 years old, that will pay an annual interest rate of \( r\% \) compounded continuously. If you are 17 years old now, your balance, in dollars, can be defined as \( B = A(r) \). Interpret the following statements related to your inheritance, use the appropriate units.

**A.** \( A(7) \approx 13230 \)

**B.** \( A'(7) \approx 3307.50 \)

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