Chapter 12 Sequences and Series - Mixed Review of Problem Solving - Lessons 12.4-12.5 - Page 838: 7a

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The monthly interest rate is $\frac{6.5\%}{12}=0.54\%$ In the second month, the monetary debt is: $a_2=(1+0.54\%)\times10000-196\\=a_2=1.0054\times10000-196$ The recursive rule is $a_1=10000\\a_2=1.0054a_{n-1}-196$ with $n\geq 2$