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anonymous
 5 years ago
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. ii. Construct a table showing the amortization schedule for the required payments. iii. Find a solution for the system.
anonymous
 5 years ago
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. ii. Construct a table showing the amortization schedule for the required payments. iii. Find a solution for the system.

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amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0discrete mathmatics.... thats a higher level college course.

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0so now balance = past balance(1.01)  400 ?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0\[A _{n}=A _{n1}(1.01)400\]

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0A0 = 10000 the first payment is 10000(1.01) + 400 B[n]=B{n1}... balance due right?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0went wrong way should be adding bc of debt

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0B{n1}  B{n1}(.01)  400 = B{n} B{n1}(1.01)  400 = B{n} then right?

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0We want the balance or the payments?

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0the payments are: B{n}(1.01) + 400; right? or you say to negate them to account for debt?

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0(1.01)B{n}  400 = B{n+1} then maybe?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok how about this For the following affine discrete dynamical systems: a. un=un12 where u0=4 b. un=un1+3 where u0=1 the value of r is 1, so the solution formulas given in this lesson do not apply. i. Use iteration (by hand or with your calculator) to explore the first few terms of each sequence. ii. On the basis of (i), conjecture a formula for a solution u(n) of the general affine system with r=1: (I) u0=c (R) un=un1+d for n > 0

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0If I have \[u _{n}=u _{n1}+d\]

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0http://openstudy.com/groups/mathematics#/groups/mathematics/updates/4dcaa12840ec8b0b88f50f17
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