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Author Question: Jake bought a truck by taking out a loan for at interest per month. Jake's regular monthly ... (Read 129 times)

D2AR0N

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Solve.

Jake bought a truck by taking out a loan for at interest per month. Jake's regular monthly payment is , but he decides to pay an extra toward the balance each month. His balance each month, after making his payment, is given by the recursively defined sequence
B0 = $26,500 Bn = 1.0025Bn-1- 642
Determine Jake's balance after making the first payment. That is, determine B1.


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Marked as best answer by D2AR0N on Feb 28, 2021

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D2AR0N

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Reply 2 on: Feb 28, 2021
Excellent


ASDFGJLO

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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