Aaron just graduated from college and owes $ 59 , 000 $59,000 on his student loans. The bank charges an annual interest rate of 4.2%, compounded monthly. If Aaron wants to pay off his student loans using equal monthly payments over the next 9 years

the terms of a geometric sequence can be found by beginning with the first term and multiplying by the common ratio repeatedly. a recursive formula for a geometric sequence with common ratio r is given by an=ran−1 a n = r a n − 1 for n≥2 n ≥ 2 .

step-by-step explanation:

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

t= 1/3.

hope this .

step-by-step explanation: