A Texas millionaire (with $1,000,001 in assets in 2010) got rich by clever investments. She managed to
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A Texas millionaire (with $1,000,001 in assets in 2010) got rich by clever investments. She managed to earn 10% interest per year for the last 20 years and plans to do the same in the future.
a. How much did she have in 1990?
b. When will she have $5,000,001?
c. Write the discrete-time dynamical system and graph the updating function.
d. Write and graph the solution.
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Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
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