Jim taking out a $135.000 mortgage. His bank offers him an APR of 3:32. He wants to compare monthly payments on a 20 and a 30-year mortgage Find to the nearest dolor the difference in the monthly payments for these two loans $158.00

What is the sum of the geometric series in which a1 = 7, r = 3, and an = 1,701? hint: cap s sub n equals start fraction a sub one left parenthesis one minus r to the power of n end power right parenthesis over one minus r end fraction comma r ≠ 1, where a1 is the first term and r is the common ratio