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Consider a loan of $2000 that you pay $100 at the end every month. You do not pay any interest. Write a recurrence relation for the loan balance at the beginning of month n. Solve the recurrence relation (find direct definition). At the end of which month can you pay off the loan?

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Consider a loan of $2000 that you pay $100 at the end every month. You do not pay any interest. Writ...
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Mathematics, 19.06.2020 17:57