Geometric Sequenceseasy
0:00.0
You make a series of loan payments where each payment is 80% of the previous payment. If your first payment is $500, what is the total amount you will pay over infinitely many payments (assuming the series converges)?
You make a series of loan payments where each payment is 80% of the previous payment. If your first payment is $500, what is the total amount you will pay over infinitely many payments (assuming the series converges)?