Question: 5 . 2 1 Repeat Problem 2 . 3 2 ( a ) for continuous compounding. Ans. $ 1 6 7 8 8 4 .
Repeat Problem a for continuous compounding. Ans. $ Ms Frank is planning for a year retirement period and wishes to withdraw a portion of her savings at the end of each year. She plans to withdraw $ at the end of the first year, and then to increase the amount of the withdrawal by $ each year, to offset inflation. How much money should she have in her savings account at the start of the retirement period, f the bank pays ab per year, compounded annually? Ans.a $; b $
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