m 2.4 A debt of $10,000 is to be amortized by equal payments of $400 at the end of each month, plus a final payment after the last $400 payment is made. If the interest is at the rate of 1% compounded monthly (the same as an annual rate of 12% compounded monthly), i. Write a discrete dynamical system that models the situation

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m 2.4 A debt of $10,000 is to be amortized by equal payments of $400 at the end of each month, plus a final payment after the last $400 payment is made. If the interest is at the rate of 1% compounded monthly (the same as an annual rate of 12% compounded monthly), i. Write a discrete dynamical system that models the situation

Mathematics
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are you look for amortization table?
eventually
ii. Construct a table showing the amortization schedule for the required payments. iii. Find a solution for the system.

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10,000 -p rate -r
A=P (r(1+r)^n)/(1+r)^n - 1
First month - p second month - p[1+r] -400 third month - p[1+r][1+r]^2 -400 Fourth month - p[1+r][1+r]^2+[1+r]^3-400
so the solution would be A{n}=10,000(1.01)?????
how would I enter into graphing calculator?

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