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May-Eliane borrowed $1.7 million from the bank to buy some machinery for her farm. She agreed to pay the bank $18000 per
Posted: Fri Dec 24, 2021 9:57 am
by answerhappygod
- May Eliane Borrowed 1 7 Million From The Bank To Buy Some Machinery For Her Farm She Agreed To Pay The Bank 18000 Per 1 (24.25 KiB) Viewed 89 times
May-Eliane borrowed $1.7 million from the bank to buy some machinery for her farm. She agreed to pay the bank $18000 per month. The interest rate is 4.5% per annum, compounded monthly, and the loan is to be repaid in 10 years. a Let A, be the balance of the loan after n months. Find a series expression for Ap