Miguels monthly car payment is $234.85. The recursive formula b n = 1.005 b n - 1 -
Chapter 11, Problem 28(choose chapter or problem)
Miguels monthly car payment is $234.85. The recursive formula b n = 1.005 b n - 1 - 234.85 describes the balance left on the loan after n payments. Find the balance of the $10,000 loan after each of the first eight payments.
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