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# Money in an account earns interest at a continuous rate of 8% per year, and payments are

## Problem 11 Chapter 9.5

Applied Calculus | 5th Edition

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Problem 11

Money in an account earns interest at a continuous rate of 8% per year, and payments are made continuously out of the account at the rate of \$5000 a year. The account initially contains \$50,000. Write a differential equation for the amount of money in the account, B, in t years. Solve the differential equation. Does the account ever run out of money? If so, when?

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Money in an account earns interest at a continuous rate of 8% per year, and payments are

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Get Full Access to Applied Calculus - 5 Edition - Chapter 9.5 - Problem 11