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Demetrios opens an account with an initial investment of $2000. The annual interest rate is 5%. (a) If the interest is compounded continuously and Demetrios makes an additional$1000 deposit every year, what will be the balance at the end of 10 years? (b) If the interest is compounded quarterly (four times per year) and $250 is deposited at the end of each compounding period, what will be the balance after 10 years? (c) What happens if the interest is compounded daily?
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Our model equation is first order linear differential equation. To $\text{solve it, we must find integration factor. First define function }$
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