Solution-Develop vensim stock-flow model

Develop vensim stock-flow model

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Develop a Vensim Stock-flow model for the following scenario. Upon graduating from college, Jane has no money. However, she immediately obtains a job and thereafter makes annual deposits of d = $750 in a bank that pays interest at an annual rate of r = 4.5%, compounded continuously. Find the future value of Jane's account over the next 40 years. Will this future value reach 1 million dollars before Jane retires in 40 years? When will Jane's account reaches a million dollars if the bank pays 8% annual interest? What is the effect of time step?

Reference no: EM133326635

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Develop vensim stock-flow model

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