Convert this description into a recurrence for the amount


When someone is paying off a loan with initial amount A and monthly payment M at an interest rate of p percent, the total amount T(n) of the loan after n months is computed by adding p/12 percent to the amount due after n-1 months and then subtracting the monthly payment M. Convert this description into a recurrence for the amount owed after n months.

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Mathematics: Convert this description into a recurrence for the amount
Reference No:- TGS01549355

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