Larry has taken out a loan for college. He started paying off the loan with a first payment of $150. Each month he pays, he wants to pay back 1.3 times as the amount he paid the month before. Explain to Larry how to represent his first 15 payments in sigma notation. Then explain how to find the sum of his first 15 payments, using complete sentences. Explain why this series is convergent or divergent.
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@Michele_Laino can you help again please
please wait a moment
the first payment is 150
the second payment is 150-1.3*150
the third payment is 150-1.3*(150-1.3*150)
and so on...