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  3. suppose that interest on money in the bank accumul

Suppose that interest on money in the bank accumulates at an annual rate of 5...

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Calculus

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Suppose that interest on money in the bank accumulates at an annual rate of 5 per year compounded continuously How much money should be invested today so that 20 years from now it will be worth 20000 Hint If you re stuck then model the account balance B B t with a differential equation and an initial condition keeping in mind that the initial condition here is not at t 0 OA 6766 49 OB 5909 04 C 7982 22 OD 5498 23 E 7357 59

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