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Question: discrete mathematics...

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Suppose someone takes out a home improvement loan for $30,000. The annual interest on the loan is 6% and is compounded monthly. The monthly payment is $600. Let an denote the amount owed at the end of the nth month. The payments start in the first month and are due the last day of every month. Give a recurrence relation for an Dont forget the base case. (b) Suppose that the borrower woud like a lower monthly payment. How large does the monthly payment need to be to ensure that the amount owed decreases every month? Feedback?Discrete mathematics

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