You have a credit card debt of $5,000. The annual interest rate for your credit card is 18%, compounded monthly. Each month, you make a payment to reduce your debt. In the first month, your payment is $200. Every month after that, you increase your payment by 1%. That is, your payment in the second month is $202.00; your payment in the third month is $204.02; and so forth.
Give a dynamic systems model, using one variable a(n), for your debt in month n.
Find the particular solution to this system
ANSWER - THE DYNAMIC SYSTEM MODEL PARTICULAR SOLUTION
ARE AS FOLLOW.
TOTAL 23 INSTALLMENT PAID FOR
MEET UP THE DEBT AMOUNT
IN THE ABOVE HAND WRITTEN TABLE ANY TROUBLE PLEASE COMMENT AND ALSO REVIEW THE ANSWER .
THANKS .
You have a credit card debt of $5,000. The annual interest rate for your credit card...
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