Jessica has $70,000 in the bank and is earning 5% compounded monthly. She plans to purchase a used car, for which the down payment is $500 and the monthly payments are $280? Will her monthly interest cover the cost of the down payment?

Explain? Will her monthly interest cover the cost of the monthly payment? show work please

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for

3000000000000000000000

d.) 48 units

step-by-step explanation: