Find the equilibrium solution of the differential equation

Assignment Help Mathematics
Reference no: EM131610984

Question: A deposit is made to a bank account paying 8% interest compounded continuously. Payments totaling $2000 per year are made from this account.

(a) Write a differential equation for the balance, B, in the account after t years.

(b) Find the equilibrium solution of the differential equation. Is the equilibrium stable or unstable? Explain what happens to an account that begins with slightly more money or slightly less money than the equilibrium value.

(c) Write the solution to the differential equation.

(d) How much is in the account after 5 years if the initial deposit is (i) $20,000? (ii) $30,000?

Reference no: EM131610984

Questions Cloud

What will be the price of these bonds : A? rating, the yield to maturity on similar A bonds is 10.5percent. What will be the price of these bonds if they receive either an A or a AA? rating?
What is the subject or theme of your selected work : What is the subject or theme of your selected work? How is this theme representative of American society?
How does the amount of leafs on a tree affect : How does the amount of leafs on a tree affect how many birds will build nests in it.
Value of this bond if it paid interest? semiannually : What would be the value of this bond if it paid interest? semiannually?
Find the equilibrium solution of the differential equation : A deposit is made to a bank account paying 8% interest compounded continuously. Payments totaling $2000 per year are made from this account.
Explain engage citizens with community policing : What are some ways to mobilize, inform, and engage citizens with community policing
Present steps you will take as well as identify a solution : By utilizing the classic decision-making model outlined in Week 1, present the steps you will take as well as identify a solution.
Explain participating in criminal justice : Explain how organizational culture molds the thinking and outlook of those participating in criminal justice
Inflation and interest rates : What would you expect the nominal rate of interest to be if the real rate is 3.9percent and the expected inflation rate is 7.4?percent?

Reviews

Write a Review

Mathematics Questions & Answers

  Straight-line-double-declining balance

Cutter Enterprises purchased equipment for $72,000 on January 1, 2006. The equipment is expected to have a five-year life, with a residual value of $6,000 at the end of five years.

  Short-run effect of decision on the economy

Draw an aggregate-demand / aggregate-supply diagram to show the short-run effect of this decision on the economy. Label the new levels of prices and real output. Explain in words why the aggregate quantity of output supplied changes.

  Find the probability that a randomly selected light bulb

the lifetime of a light bulb is normally distributed with a mean life of 1000 hours and a standard deviation of 30 hours. Find the probability that a randomly selected light bulb lasts longer than 1045 hours.

  Find the probability that among 6 randomly selected graduate

A study conducted at a certain college shows that 63% of the school's graduates find a job in their chosen field within a year after graduation. Find the probability that among 6 randomly selected graduates, at least one finds a job in his or her ..

  Develop the operating activities section of given statement

Prepare the operating activities section of the statement of cash flows using the indirect method.Provide a brief explanation as to why cash flow from operating activities is more or less than the net income of the period.

  Find the path followed by a heat seeking particle

The temperature field in the neighborhood of (π / 4, 0) is given by T(x, y) = square root 2 e-y cos (x). Find the path followed by a heat seeking particle originating at (π / 4, 0).

  Find the center of mass of the system

A point mass of 2 grams located 3 centimeters to the left of the origin and a point mass of 5 grams located 4 centimeters to the right of the origin.

  What is the standard deviation for the given data

HOURS WORKED IN SOME COUNTRIES The number of average hours worked per year per worker in the United States and five European countries in 2002.

  Complete the proof of the chinese remainder theorem

Complete the proof of the Chinese remainder theorem by showing that the simultaneous solution of a system of linear congruences modulo pairwise relatively prime moduli is unique modulo the product of these moduli.

  Give an explanation which theory

Give an explanation which theory is better about why Giza pyramid was built?

  Necessary and sufficient conditions for inequalities

When graphing a linear inequality, how do you know if the inequality represents the area above the line? What are the necessary and sufficient conditions for inequalities to represent an area in the first quadrant?

  What would be the bill for one glass of orange juice

At a fundraiser breakfast, the bill for three glasses of orange juice and five pancake specials is $7.60, whereas the bill for one glass of orange juice.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd