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October 21, 2014

October 21, 2014

Posted by **help please.** on Wednesday, April 25, 2012 at 4:25am.

It is expected that the purchase will involve a sum of 40000 dollars.

The fund grows at the rate of

dA/dt= rA+P

where A denotes the size of the fund at any time t,r is the annual interest rate earned by the fund compounded continuously, and P is the amount (in dollars) paid into the fund by the proprietor per year (assume this is done on a frequent basis in small deposits over the year so that it is essentially continuous).

If the fund earns 11 %interest per year compounded continuously, determine the size of the yearly investment the proprietor should pay into the fund.

- calculus -
**Damon**, Wednesday, April 25, 2012 at 6:10amWhat a mess. Try this

Go to http://www.wolframalpha.com/input/?i=y%27%3Dr+y+%2B+p

put in

y' = r y + p

click on =

click on show steps

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