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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your 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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which expression is equivalent to (x^6*x^10/*^-3) ^2 and why
Answers (1)
sonya made pepperoni pizzas for the guests at her party last night she made 12 small pizzas she cut each pizza into 8 slices sonya did not eat pizza but each of her guests ate 3 slices if every slice of pizza was eaten how much many guests were at
Answers (2)
The graph of f (x) = 2x3 - 19x2 + 57x - 54 is shown below. How many roots of f (x) are rational numbers
Answers (1)
Which number is 100 times as great as 0.3
Answers (1)
You are designing a room for a house and are drawing a floor plan. The room is actually 18 feet wide. On your floor plan, you draw the room as 6 inches wide. What is the scale factor (scale) for the floor plan?
Answers (2)
New Questions in Mathematics
You want a snack. One cookie has 130 calories. An orange has 35 calories. What is the ratio of the calories in an orange to the calories in the cookie?
Answers (1)
Area of 1032 square feet and the width of 12 feet. What is the length
Answers (2)
What is the additive inverse of 21i
Answers (2)
Which expression is equivalent to RootIndex 3 StartRoot x Superscript 5 Baseline y EndRoot? A. x Superscript five-thirds Baseline y B. s Superscript five-thirds Baseline y Superscript one-third C. x Superscript three-fifths Baseline y D.
Answers (2)
What are all the values that make x^2 + bx + 144 a perfect square?
Answers (2)