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Finding EQUILIBRIUM Solutions WITHOUT Solving the DIFFERENTIAL Equation (ODE)
In this short video, we look at how to find an equilibrium solution of a differential equation without solving it. The financial autonomous differential equation is: dA/dt = f(A) = r*A - w. r is the annual continuous compound interest rate, and w is the level annual withdrawal rate. The variable A is the amount of money as a function of time t ...
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