Alice and Bob deposit $10000 into each of their bank accounts. Both of their bank...
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Accounting
Alice and Bob deposit $10000 into each of their bank accounts. Both of their bank accounts
accrue interest at a rate of 5% per year. Alice has a high paying job, and deposits an additional $A per year.Assume that the interest and additional deposits are compounded continuously.
(1) Show that the rate of growth of Alice's bank account is always a constant multiple of the rate of
growth of Bob's bank account
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