Homework Help: math

Posted by Anonymous on Monday, March 14, 2011 at 5:04pm.

a bank account earns 7% annual interest compounded continuously. you deposit $10,000 in the account, and withdraw money continuously from the account at a rate of $1000 per year.
a. write the differential equation for the balance, B, in the account after t years
b. what is the equilibrium solution to the differential equation?
c. find the solution to the differential equation.
d. how much is in the account after 5 years?
e. graph the solution. what happens to the balance in the long run?

No one has answered this question yet.

Answer this Question

Related Questions

calc2 - At what constant, continuous annual rate should you deposit money into ...
math - I have been staring at this problem forever, and cant seem to dig it up ...
math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
math - you deposit $2200 in an account that pays 3% annual interest. after 15 ...
math - how much money would have to be invested in an account at 3.98% annual ...
math - A bank account earns 10 percent interest compounded continously. What ...
math college - A bank account earns 10 percent interest compounded continously. ...

For Further Reading

First Name:
School Subject:
Answer: