A financial system, Difference Equation example: a

A financial system

Reference no: EM13239199

Difference Equation example: a financial system
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Imagine you have a financial investment that grows annually by 5% in any given year. At the last moment of each year, you must pay the manager of this investment a $1,500 fee. What happens to the system over time? How does the tendency of this system differ than if you were to pay the fee at the beginning of the year?

Reference no: EM13239199

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A financial system : Difference Equation example: a financial system

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