Mathematics
Mathematics, 26.06.2019 13:30, Ksedro1998

Mike took out a $30,000 loan with a 7% annual interest rate. each month he pays 2% of the balance of the loan. which equation gives the approximate amount, a(x), he has left to pay on his loan at the end of each year as a function of x, the number of years since he took out the loan?

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