Mathematics, 19.03.2020 18:09 Corykids6080
John purchased a TV on sale for $1,500 using his store credit card. The annual interest rate is 12% and is compounded monthly. The monthly payments are $375. Which recursive equation expresses the remaining amount to be paid off as a function of the number of months, n, where a n − 1 a n - 1 is the balance from the previous month?
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John purchased a TV on sale for $1,500 using his store credit card. The annual interest rate is 12%...
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