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Modeling Scenario
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1-006-Financing-ModelingScenario
We describe two situations, one in which we are saving for a purpose and one in which we are borrowing for a purpose. In the first case we ask for discrete and continuous model of the situation and in the second case we ask that the results of...
finance
savings
loan
interest rate
payment
Potential Scenario
163
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74
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2014-Michael_Monagan-The Mortgage Payment Problem Approximating a Discrete Process with a Differential Equation
In this article and a subsequent article I will give two non-standard examples that I've found helpful. The one presented here is a first order linear system. Second order systems and non-linear systems.
compartment
heating
house
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