Find an expression for yt and determine when you will have 10 C capital

Suppose you invest $50 000 in a special savings account
where, for the first ten years, interest of 6% is
paid annually at the end of each year and, thereafter, interest is continuously compounded at an annual
equivalent rate of 7%. How much money do you have in the account after 14 years if you remove no money
from it during that period?
Question 2
You plan to invest an amount C of capital. Every year the current amount will earn interest at r% per year,
compounded annually. You will also add an amount 0.1 C at the end of every year. Set up a recurrence
relation for yt, the amount you have after t years. Find an expression for yt and determine when you will
have 10 C capital.
 
“WE’VE HAD A GOOD SUCCESS RATE ON THIS ASSIGNMENT.PLACE THIS ORDER OR A SIMILAR ORDER WITH SPLENDID WRITINGS AND GET AN AMAZING DISCOUNT”

What Students Are Saying About Us

.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"

.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"