In Exercises 3437, let P (t) denote the balance at time t (years) of an annuity that
Chapter 9, Problem 37(choose chapter or problem)
In Exercises 3437, let P (t) denote the balance at time t (years) of an annuity that earns 5% interest continuously compounded and pays out $20,000/year continuously What is the minimum initial balance that will allow the annuity to make payments indefinitely?
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