Suppose that P0 is invested in the Mandelbrot Bond Fund for which interest is compounded continuously at 5.9% per year. That is, the balance P grows at the rate given by dP/dt = 0.059P
Find the function that satisfies the equation. Write it in terms of P0 and 0.059.
Suppose that $1000 is invested. What is the balance after 1 yr and after 2 yrs, when will an investment of $1000 double itself?