Smart people come on in

[Quiky One]

I'm brain dead and can't figure this out....

I don't care to know how you got the answers or why you get the answers. I just need answers!

You are given the differential equation:

for the amount of money in an annuity account after months with an annual interest rate of % and (continuous) monthly deposit .
First solve the differential equation to obtain a formula for.

Here is what I have so far..

Remember that the account starts off with no money in it...

Find a(t):

and

How much money will be in the account after 7 years if we make a monthly deposit of Q=$100?

Thanks guys...

Jason

 

[simo]

How much money will be in the account after 7 years if we make a monthly deposit of Q=$100?

First $9,989.01

Second $9,852.06

 

[Quiky One]

$9,989.01

Incorrect..

 

[roadkill73]

I'm brain dead and can't figure this out....

I don't care to know how you got the answers or why you get the answers. I just need answers!

You are given the differential equation:

for the amount of money in an annuity account after months with an annual interest rate of % and (continuous) monthly deposit .
First solve the differential equation to obtain a formula for.

Here is what I have so far..

Remember that the account starts off with no money in it...

Find a(t):

and

How much money will be in the account after 7 years if we make a monthly deposit of Q=$100?

Thanks guys...

Jason

$0.00, Obama and Pelosi took it all.

 

[PhillyTurboSix]

$0.00, Obama and Pelosi took it all.

LOL correct! :clap: