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2. Continuous Deposits In Exercise 1, how long will is take Jessie to accumulate $30,000 in her
retirement account?
3. Continuous Deposits To provide for a future expansion, a company plans to make continuous
deposits to a savings account at the rate of $50,000 per year, with no initial deposit. The managers want
to accumulate $500,000. How long will it take if the account earns 10% interest compounded
continuously?
5. Continuous Deposits An investor deposits $8000 into an account that pays 6% compounded
continuously, and then deigns to withdraw from the account continuously at a rate of $1200 per year.
a. Write a differential equation to describe the situation.
b. How much will be left in the account after 2 years?
c. When will the account be completely depleted?