Quantcast

A community for students. Sign up today!

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

austinL

  • one year ago

A high school mathematics teacher puts $2000 into an annuity fund and then contributes $1800 per year into the fund for the next 30 years by making small weekly contributions. (We assume weekly contributions are close enough to continuous deposits so that we may use a differential equation model.) The fund grows at a rate of 7.5% per year. (a) Write a differential equation that models the growth of this fund using \(m(t)\) for the amount of money present in the fund. (b) How much money will be in the fund after 30 years according to this model. I feel confident that I can solve (b)

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    Search OpenStudy
    • Attachments:

Ask your own question

Ask a Question
Find more explanations on OpenStudy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.