Suppose a savings account earns 3% interest compounded monthly. After the first month $100.00 is...
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Accounting
Suppose a savings account earns 3% interest compounded monthly. After the first month $100.00 is deposited into the account. Each subsequent month the deposit increases by 1%. Thus, in month 2, $101.00 is deposited, and in month 3, $102.01 is deposited. a.) Give a flow diagram for this situation. b.) Give the corresponding DSS (discrete dynamical system: a mathematical model that relates a quantity in one point in time to the same quantity at a previous point.)
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