EBK NUMERICAL METHODS FOR ENGINEERS
EBK NUMERICAL METHODS FOR ENGINEERS
7th Edition
ISBN: 9780100254145
Author: Chapra
Publisher: YUZU
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Chapter 6, Problem 32P

Use the program you developed in Prob. 6.31 to solve Probs. 6.22 and 6.23 to within a tolerance of ε s = 0.01 % .

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Your employer automatically puts 5 percent of your salary into a 401(k) retirement account each year. The account earns 10% interest. Suppose you just got the job, your starting salary is $60000, and you expect to receive a 2.5% raise each year. For simplicity, assume that interest earned and your raises are given as nominal rates and compound continuously. Find the value of your retirement account after 20 years

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EBK NUMERICAL METHODS FOR ENGINEERS

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