Question

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.

Answer 1

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