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11th Edition

Ronald J. Harshbarger + 1 other

Publisher: Cengage Learning

ISBN: 9781305108042

Chapter 12.5, Problem 61E

Textbook Problem

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**Impact of inflation** The impact of a 5% inflation rate on an $80,000-per-year pension can be severe. If P represents the purchasing power (in dollars) of an $80,000 pension, then the effect of a 5% inflation rate can be modeled by the differential equation

where *t* is in years.

Find the particular solution to this differential equation.

Find the purchasing power after 15 years.

This textbook solution is under construction.