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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, #50 · Differential Equations · Applications

For how long can you withdraw …500/year after depositing …5000 at 8%…

This problem is about the mathematics of finance.

For how long can you withdraw $s =$ 500/year after depositing $y_{0} =$ 5000 at 8%, before you run dry?

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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, #50

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