Aloan is paid off in 15 years with a total of $192,000. it had a 4% interest rate that compounded monthly. what is the principal?

step-by-step explanation:

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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

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step-by-step explanation:

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i would you but i don't under stand the qustion

step-by-step explanation: