Investment model An investment account, which earns
Chapter 7, Problem 102(choose chapter or problem)
Investment model An investment account, which earns interest and has regular deposits, can be modeled by the initial value problem B_1t2 = aB + m for t 0, with B102 = B0. The constant a reflects the monthly interest rate, m is the rate of monthly deposits, and B0 is the initial balance in the account. Solve the initial value problem with a = 0.005, m = $100>month, and B0 = $100. After how many months does the account have a balance of $7500?
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