A person deposits $25,000 in a bank that pays 5% per year interest, compounded continuously. The person continuously withdraws from the account at the rate of $750 per year. Find V(t), the value of the account at time t after the initial deposit.
A person deposits $25,000 in a bank that pays 5% per year interest, compounded continuously. The person continuously withdraws from the account at the rate of $750 per year. Find V(t), the value of the account at time t after the initial deposit.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 9T
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