Mathematics, 27.07.2019 04:20 dejanaej6

How to become a millionaire upon graduating from col- lege, donna has no initial capital. however, during each year she makes deposits amounting to d = $1000 in a bank that pays interest at an annual rate of 8%, compounded continuously. (a) find the future value, s(t), of donna's account at any time. (b) what should be the value of the annual deposit d in order that the balance of donna's account will be 1 million dollars when she retires in 40 years? (c) if d = $2500, what should be the value of r in order that donna's account will have a balance of 1 million dollars in 40 years?

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How to become a millionaire upon graduating from col- lege, donna has no initial capital. however, d...