A student has saved $70,000 for her college tuition. When she starts college, she invests the money in a savings account that pays 1.5% interest per year, compounded continuously. Suppose her college tuition is $30,000 per year and she arranges with the college that the money will be deducted from her savings account in small payments. In other words, we assume that she is paying continuously. How long will she be able to stay in school before she runs out of money?
A student has saved $70,000 for her college tuition. When
Problem 30 Chapter 1.8
Differential Equations 00 | 4th Edition
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