Suppose Xn = aXn 1 + 1 With X0 given. Write Xn as a partial sum.

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Suppose
Xn = aXn – 1 + 1
With X0 given. Write Xn as a partial sum. When does this partial sum converge?

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An Introduction to the Mathematics of financial Derivatives

ISBN: 978-0123846822

2nd Edition

Authors: Salih N. Neftci

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Question Posted: Aug 17, 2011 10:23 AM

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Suppose Xn = aXn 1 + 1 With X0 given. Write Xn as a partial sum.

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The series X n aX n 1 1 will converge provided that a 1 Thi...View the full answer

An Introduction to the Mathematics of financial Derivatives

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