A person planning for her retirement arranges to make continuous deposits into a savings account at the
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A person planning for her retirement arranges to make continuous deposits into a savings account at the rate of $3600 per year. The savings account earns 5% interest compounded continuously.
(a) Set up a differential equation that is satisfied by f (t), the amount of money in the account at time t.
(b) Solve the differential equation in part (a), assuming that f (0) = 0, and determine how much money will be in the account at the end of 25 years.
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Related Book For 
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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