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  • 5 years ago

You borrowed $5,000 from your parents to purchase a used car. You have agreed to make payments of $250 per month plus an additional 1% interest on the unpaid balance of the loan. a. Is this problem an example of a geometric series or an arithmetic series? Support your answer mathematically by applying the concepts from this unit.

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  1. anonymous
    • 5 years ago
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spraguer (Moderator)
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