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An endowment is an investment account in which the balance ideally remains constant and withdrawals are made on the interest earned by the account. Such an account may be modeled by the initial value problem dB/dt = aB - m for t >= 0. The constant a reflects the annual interest rate and m is the annual rate of withdrawal. Solve the initial value problem with a = 0.05, m = $1000/year, and B(0) = $15,000.
What is B = 20,000 + 5,000e^0.05t