Here is the question:
I have posted a link there to this topic so the OP can see my work.Differential modeling help?
A college grad. borrows $8000 dollars for a car. The lender charges interest at an annual rate of 10%. Assuming interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate of k, determine the payment rate k that is required to pay off the loan in 3 years.