SOLUTION: Suppose you want to start saving for retirement. You decide to continuously invest $5000 of your income each year in a risk-free investment with a 5% yearly interest rate, compound

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Question 1188037: Suppose you want to start saving for retirement. You decide to continuously invest $5000 of your income each year in a risk-free investment with a 5% yearly interest rate, compounded continuously.
If y is the value of the investment, and t is in years:
dy/dt=
Your answer should be in terms of y.
You start investing at t=0 so y(0)=0.
y(t)=
What is the size of your investment after 15 years.
y(15)=

Answer by ikleyn(52787) About Me  (Show Source):
You can put this solution on YOUR website!
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How you formulate/create your problem, it makes it clear that you do not understand
the meaning of your words and do not know the standard terminology and basic conceptions in this area.


To get basic knowledge on the subject, read and learn from this lesson
    - Problems on continuously compounded accounts
in this site.