Multiple Choice
Find the common ratio r for the given infinite geometric sequence.
-A man borrowed $3000 at 1.5% interest compounded annually. If he paid off the loan in full at the end of 6 years, how much did he pay?
A) $3270.00
B) $3280.33
C) $3045.00
D) $280.33
Correct Answer:
Verified
Correct Answer:
Verified
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