nonlaser01
New member
Assume that the sequence represents a financial situation
U0= 130000
Un= (1+(.0625/4))U(n-1) - 1055
a) Is it a loan or Investment
b) Give the Principal
c) Give the deposit or payment amount
d) Give the annual interest rate
e) Give the frequency in which interest is compounded
U0= 130000
Un= (1+(.0625/4))U(n-1) - 1055
a) Is it a loan or Investment
b) Give the Principal
c) Give the deposit or payment amount
d) Give the annual interest rate
e) Give the frequency in which interest is compounded