New ton’s method seeks to approximate a solution f(x) = 0 that starts with an initial approximation x0and successively defines a sequence
61. [T] A student takes out a college loan of $10000 at an annual percentage rate of 6%. compounded monthly.
a. If the student makes payments of $100 per month, how much does the student owe after 1 2 months?
b. After how many months will the loan be paid off?
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