In terms of a difference equation. These questions require analytic and thorough explanation.

2. 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? Detailed explanation including the math work, use initial $30,000.

Please be lengthy and thorough.

Subject | Mathematics |

Due By (Pacific Time) | 11/09/2014 02:00 pm |

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