Everyday Calculus by Fernandez Oscar E

Author:Fernandez, Oscar E.
Language: eng
Format: epub
Publisher: Princeton University Press
Published: 2014-08-31T16:00:00+00:00

xviA general logistic equation looks like p′= ap − bp2, where a and b are numbers. In 1837 the Dutch mathematical biologist Pierre-François Verhulst introduced this mathematical model (with a, b > 0) and used it to describe population growth.

xviiThe technical assumption is that your gains are “compounded continuously.”

xviiiThe technical assumption here is that your deposits are made continuously—perhaps as a good approximation every day—and add up to exactly s dollars per year.

CHAPTER 5

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