Following the birth of a​ child, a parent wants to make an initial investment P0 that will grow to ​$60,000 for the​ child's education at age 17. Interest is compounded continuously at 7​%. What should the initial investment​ be? Such an amount is called the present value of ​$60,000 due 17 years from now

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.