Question: 6 . A young person with no initial capital invests ( k ) dollars per year at an annual rate of return
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 St accumulated at any time t
b If r determine k so that $ million will be available for retirement in years.
c If k$ year, determine the return rate r that must be obtained to have $ million available in years.
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