A bank account that initially contains $25,000 earns interest at a continuous rate of 4% per year.

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A bank account that initially contains $25,000 earns interest at a continuous rate of 4% per year. Withdrawals are taken out at a constant rate of $2000 per year. Write a differential equation for the balance, B, in the account as a function of the number of years, t.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 10, 2023 04:15 AM

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A bank account that initially contains $25,000 earns interest at a continuous rate of 4% per year.

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The balance in the account B is increasing at a rate of 4 times B an...View the full answer

Applied Calculus

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