Question

You have a credit card debt of $5,000. The annual interest rate for your credit card...

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

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Answer #1

ANSWER - THE DYNAMIC SYSTEM MODEL PARTICULAR SOLUTION ARE AS FOLLOW. chatten - Aruver induling intry (deb E-instelina so clent Round e 15 C | ශ්‍රි ල අපිව මෙමළ Q+ & 72 -268 • 9 8 68 • 9 | Q 67- 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 .

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