Essay
Write the word or phrase that best completes each statement or answers the question.
-Jake bought a truck by taking out a loan for $26,500 at 0.25% interest per month. Jakeʹs regular monthlypayment is $567, but he decides to pay an extra $75 toward the balance each month. His balance each monthafter making his payment, is given by the recursively defined sequence 
Determine Jakeʹs balance after making the first payment. That is, determine 
Correct Answer:
Verified
Correct Answer:
Verified
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