John has a balance of $2000 on his Discover card that charges 2% interest per month on any unpaid balance. John can afford to pay $200 toward the balance each month. His balance each month after making a $200 payment is given by the recursively defined sequence B, = $2000, B, = 1.02B, - 1- 200 Determine John's balance after making the first payment. That is, determine B1. B, = $

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