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Your parents are considering a 20-year $100,000 mortgage that charges 1% interest each month. If the mortgage(loan) is to be paid off after 360 payments,what is then monthly payments p?
Hint: If an represents the amount owed after n months, what are a0 and a360? Experiment by building numerical solutions to find a value of p that works.
for p = 500:0.01:2000
a = 100000 * 1.01 - p;
for i = 2:360
a = 1.01 * a - p;
end
if a 10
break
end
end
p
p =
1.0286e+003
Read the courseware on the battle of Trafalgar in 1805.
Formulate a system of difference equations to model the number of ships possessed by each force. Assume the French-Spanish start with 33 ships and the British start with 27 ships and each side lost 10% of the number of ships of the opposing force.
An alternative strategy for overcoming a superior force is to increase the technology employed by the inferior force. Suppose that the British ships were equipped with superior weaponry, and that the French-Spanish suffered losses equal to 15% of the number of ships of the opposing force, whereas the British suffered casualties equal to 5% of the opposing force. Build a numerical solution to determine who wins under new assumption in a head-on engagement.
Build a numerical solution for the three battles employing Nelson’s divide-and-conquer strategy coupled with the superior weaponry of the British ships.
(a) F = ones(1, 20);
B = ones(1, 20);
F(1) = 33;
B(1) = 27;
for k = 2:20
F(k) = F(k-1) - 0.1*B(k-1);
B(k) = B(k-1) - 0.1*F(k-1);
if B(k) 1 || F(k) 1
break
end
end
n = 0:k-1;
plot(n, F(n+1), -+);
hold on
plot(n, B(n+1), -x);
grid on
xlabel(time);
ylabel(number);
(b) F = 33;
B = 27;
n = 0;
plot(n, F, *);
hold on
plot(n, B, +);
grid on
while F = 1 B = 1
F = F - 0.15*B;
B = B - 0.05*(F + 0.15*B);
n = n + 1;
plot(n, F, *);
plot(n, B, +);
end
hold off
xlabel(time);
ylabel(number);
(c) F(1) = 13;
B(1) = 23;
for k = 2:20
F(k) = F
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