Nicole borrows $50,000 at an annual effective interest rate of 7%. She repays the loan with n annual payments at the end of each year. The first twenty payments are level. Starting with the 21st payment, each subsequent payment is 2% less than the previous payment for the remaining loan repayment schedule. The principal repaid in the twentieth payment, P20, is $2,116.59. It is the interest paid in the tt-th period. Find I21 I22 I23.

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.