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3 years ago

15

For 1≤n≤10 1 ≤ n ≤ 10 , find a formula for pn, the payment in year n on a loan of 105000 dollars. Interest is 3 percent per year

, compounded annually, and payments are made at the end of each year for 10 years. Each payment is 10500 dollars plus the interest on the amount of money outstanding.

1 answer:

Softa [21]3 years ago

3 0

I don’t know the answer but if I don’t answer this question I couldn’t answer my question

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