Make a rough sketch of the graph of the difference equation without generating terms or solving the difference equation. 11.3.16: y_n = .3y_n-1 + 3.5, y_0 = 2 ------- 11.3.18: y_n = 4y_n-1 - 18, y_0 = 5 ------- 11.3.20: y_n = -.6y_n-1 + 6.4, y_0 = 1 ------- 11.3.23. Laws of supply and demand cause the price of oats to fluctuate from year to year. Suppose that the current price is $1.72 per bushel and the price n years from now, p_n, satisfies the difference equation p_n = -0.6p_(n-1) + 1.6. (Prices are assumed to have been adjusted for inflation.) Sketch the graph of p_n. ------- 11.3.26. A municipal government can take out a long-term construction loan at 8% interest compounded quarterly. Assuming that it can pay back $100,000 per quarter, how much money can it borrow? ------- 11.3.28: Casimir makes an initial deposit into a savings fund paying 4% compounded quarterly for his teenage daughter, Julie. She plans to withdraw $200 at the end of each quarter to buy some new clothes. (a) Find the difference equation for y_n, the amount in the account after n quarters. (b) How large must the initial deposit be so that Julie will not run out of money?