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Margarita borrows $ 1 4 , 0 0 0 from her uncle and agrees to repay it in monthly installments of $ 2 0 0

Margarita borrows $14,000 from her uncle and agrees to repay it in monthly installments of $200. Her uncle charges 0.6% interest per month on the balance.
(a) If her balance An in the nth month is given recursively by A0=14,000 and An=k*An-1-200, what is k?
k=
(b) Find her balance after seven months. (Round your answer to the nearest cent.)
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