The Cruz family is taking out a mortgage loan for $100,000 to
buy a house. Their monthly payme...
Mathematics, 13.04.2020 21:22, keke6361
The Cruz family is taking out a mortgage loan for $100,000 to
buy a house. Their monthly payment is $678.79. The recursive formula
bn = 1.006 b^n - 1 - 678.79 describes the balance left on the loan after n
payments. Find the balances of the loan after each of the first eight payments.
Answers: 2
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