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Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) §6.3 Growth and Decay in Science and Economics, #49 · Differential Equations · Applications

Depositing …1000 per year leads to …20,000 all at once

This problem is about the mathematics of finance.

Depositing $s =$ 1000 per year leads to $34, 400 a f t er 20 y e a r s (Q u es t i o n 3) . T or e a c h t h es am er es u l t, w h e n s h o u l d y o u d e p os i t$ 20,000 all at once?

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Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) · §6.3 Growth and Decay in Science and Economics, #49

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