Question: A borrower will make payments continuously at a constant rate of $300 per month on a five year car loan with an interest of 5%

A borrower will make payments continuously at a constant rate of $300 per month on a five year car loan with an interest of 5% per year that is compounded continuously. Write down an initial-value problem that governs the balance the loan. What is the amount of the loan? Do not solve

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