Every year your remaining balance grows by 4 how much will, Financial Management

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Every year your remaining balance grows by 4 how much will

Continuous Time Problem:

You start with $1000 right now in your investment account and every year you have to pay a $60 account maintenance fee out of your investment account. Every year your remaining balance grows by 4%. How much will your account be approximately worth in 10 years? How much will it be worth in the long run?

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