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Unformatted text preview: year, and you pay off the mortgage continuously at the rate of $18,000 per year. Therefore, the amount y t ( ) owed on the mortgage after t years satisfies: ! = " y y 0 06 18 000 . , and y ( ) , 250 000 = . a. Solve this differential equation and initial value. b. Determine, to the nearest year, when the mortgage is paid off. c. [Optional] When is half the mortgage is paid off, i.e., for what t is y t ( ) $ , = 125 000?...
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This note was uploaded on 12/12/2011 for the course MATH 122 taught by Professor Lapuma during the Fall '11 term at Mesa CC.
- Fall '11