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Undergrad Differential equation involving money
A recent college student borrowed $100,000 at an interest rate of 9%. With salary increases, he expects to make payments at a monthly rate of 800*(1+t/120), where t is number of months since the loan was made. (a.) Assuming that this payment schedule can be maintained, when will the loan be...- angelgurlxo87
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- Differential Differential equation Money
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- Forum: Differential Equations