Mathematics, 25.11.2021 14:00, catsareokiguess
A loan for 400,000 is taken out at an APR of 3.5% for 15 years. this will be repaid monthly in equal installments. Assume first payment will be made 1 month from loan taken out. a show that this can be written as a geometric sequence. b find the monthly repayment
Answers: 3
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A loan for 400,000 is taken out at an APR of 3.5% for 15 years. this will be repaid monthly in equal...
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