One as it intersects only on the Y axis
The original functions are: f(n) = 500 and g(n) = [9/10]^(n-1)
A geometric sequence combining them is: An = f(n)*g(n) = 500*[9/10]^(n-1):
Some terms are:
A1= 500
A2 = 500*[9/10]
A3 = 500*[9/10]^2
A4 = 500*[9/10]^3
....
A11 = 500*[9/10]^10 ≈ 174.339
Answer: the third option, An = 500[9/10]^(n-1); A11 = 174.339
Answer
The annual payment will consequently decrease
Step-by-step explanation:
If the APR charged say on a mortgage loan is decreased, then the total repayments due will as a consequence decline provided the repayment term remains unaltered. Nevertheless, a decline in total repayments due amounts to a decrease in the annual repayments
