Compound interest. Suppose that is invested in the Mandelbrot Bond Fund for which
Chapter 3, Problem 9(choose chapter or problem)
Compound interest. Suppose that is invested in the Mandelbrot Bond Fund for which interest is compounded continuously at 5.9% per year. That is, the balance P grows at the rate given by dP dt = 0.059P a) Find the function that satisfies the equation. Write it in terms of and 0.059. b) Suppose that $1000 is invested. What is the balance after 1 yr? After 2 yr? c) When will an investment of $1000 double itself?
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