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A Bank Account Earns Interest at a Rate of 5

Question 67

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A bank account earns interest at a rate of 5% per year, compounded continuously.Money is deposited into the account in a continuous cash flow at a rate of $1000 per year.Use differential equations to find the amount of money in the bank account after 10 years, assuming an initial balance of $3000.Round to the nearest cent.

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