Multiple Choice
Find the common ratio r for the given infinite geometric sequence.
-A woman borrowed $10,000 at 6% interest compounded annually. If the loan was paid off in one lump sum at the end of 4 years, how much did she pay?
A) $10,600.00
B) $12,624.77
C) $2624.77
D) $12,400.00
Correct Answer:
Verified
Correct Answer:
Verified
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