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Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) §6.3 Growth and Decay in Science and Economics, #46 · Differential Equations · Applications

To have …y_0…c = 10\%…s = …50,000 and retire

This problem is about the mathematics of finance.

To have $50, 000 f or co l l e g e t u i t i o nin 20 y e a r s, w ha t g i f t$ y_0 $s h o u l d a g r an d p a r e n t mak e n o w ? A ss u m e$ c = 10\% $. W ha t co n t in u o u s d e p os i t s h o u l d a p a r e n t mak e d u r in g 20 y e a r s ? I f t h e p a r e n t s a v es$ s = $1000 p er y e a r, w h e n d oes h eor s h er e a c h$ 50,000 and retire?

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Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) · §6.3 Growth and Decay in Science and Economics, #46

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