Answer:
<em>5</em><em>x</em><em> </em><em>=</em><em> </em><em>1</em><em>/</em><em>4</em>
<em>X </em><em>=</em><em> </em><em>2</em><em>0</em><em> </em>
<em>hope</em><em> </em><em>it</em><em> </em><em>helps</em><em> </em><em>u</em><em> </em><em>if </em><em>yes</em><em> </em><em>then</em><em> </em><em>foll</em><em>ow</em><em> me</em>
As mentioned before, banks<span> basically make money by lending money at rates higher than the cost of the money they lend. More specifically, </span>banks<span> collect interest on loans and interest payments from the debt securities they own, and pay interest on </span>deposits<span>, CDs, and short-term borrowings.</span>
Answer:
Did you cop the strawberry coughs?
Step-by-step explanation:
The recursive formula that models the amount owed is
an = a(n-1) -75; a1 = 600.
This formula is for AFTER the first month of payment, this is why the first term is 700-100 = 600. This also means that n > 1.