Question: 6 . A young person with no initial capital invests ( k ) dollars per year at an annual rate of return

6. A young person with no initial capital invests \( k \) dollars per year at an annual rate of return \( r \). Assume that investments are made continuously and that the return is compounded continuously.
a. Determine the sum \( S(t)\) accumulated at any time \( t \).
b. If \( r=7.5\%\), determine \( k \) so that \(\$ 1\) million will be available for retirement in 40 years.
c. If \( k=\$ 2000/\) year, determine the return rate \( r \) that must be obtained to have \(\$ 1\) million available in 40 years.
6 . A young person with no initial capital

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