Question: HELP! - A person borrows $5000 from a bank at an interest rate of 10% caupounded yearly and pays it buck in 8 years. If

HELP!

- A person borrows $5000 from a bank at an interest rate of 10% caupounded yearly and pays it buck in 8 years. If the person makes the following payments starting at the end of the 2nd year to the end of 7th year $500 $500 $475, $450, $425, $425, then what is the amount of the last payment so that the loan is paid off? Note: must ux discrete, uniform serres, and gradient series

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