Question: A young person with no initial capital invests k dollars per year in a retirement account at an annual rate of return 0 . 0

A young person with no initial capital invests k dollars per year in a retirement account at an annual rate of return 0.08. Assume that investments are made continuously and that the return is compounded continuously.
a) Write a differential equation which models the rate of the change of the sum S(t) with t in years (this will involve the parameter k.
S'=
Note: Use S rather than S(t) since the latter confuses the computer.
b) Use part a) to determine a formula for the sum S(t)--(this will involve the parameter k):
S(t)=
c) What value of k will provide 3781000 dollars in 46 years?
k=
A young person with no initial capital invests k

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