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The differential equation is a model for an undamped spring-mass system with a nonlinear restoring force. The initial conditions are , . The solution of the linearized system is
Consumption
The usage of resources or products for the purpose of satisfying human needs or wants.
Interest Rate
The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.
Income
The monetary payment received for one's work, investments, or other sources, primarily used for personal consumption, savings, and investment.
Present Value
The present value of an expected amount of money or sequence of cash flows, with a given return rate.
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