A retirement savings account contains $300,000 and earns 5% interest compounded continuously. The retiree makes continuous withdrawals

Question:

A retirement savings account contains $300,000 and earns 5% interest compounded continuously. The retiree makes continuous withdrawals of $20,000 per year.
(a) Write a differential equation to describe the situation.
(b) How much will be left in the account after 10 years?

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