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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 $ from her uncle and agrees to repay it in monthly installments of $ Her uncle charges interest per month on the balance.
a If her balance in the th month is given recursively by and what is
b Find her balance after seven months. Round your answer to the nearest cent.
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