Kaitlyn borrowed $19,000 from her mother to buy a car. She will repay the loan at the end of 5 years at 5% interest compounded annually. Find the amount she will repay.

The amount repay the end of 5 years= $24,249.35

Step-by-step explanation:

S=P(1+i)^n

S=19000(1+0.05)^5

S=24,249.05

i=0.05/1

n=5

arithmetic sequence

step-by-step explanation:

given that a sequence has terms as

19, 15, 11,

this is represented on a graph

the pattern indicates that the sequence is an arithmetic sequence with i term

a=19 and common difference d =-4

any general term

thus the sequence is reduced by 4 for each successive term starting from 1 and nth term is

24-5n.

first negative term would start after 5th term

5th term =24-25< 0

from 5th term onwards the sequence would be negative.

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