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OpenStudy (anonymous):
I need help please. The average home mortgage payment in 1996 was $1087 per month. Since then payments have risen by 2.5% per year. I need to write a sequence a small n that models the average mortgage payment where n=1 corresponds to 1996, a=2 to 1997 and so on.
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OpenStudy (anonymous):
w
OpenStudy (anonymous):
c = 1087(.025)^n ...?
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