Question: Question 4: Progressions (10 marks in total) A woman borrows $1500, agreeing to pay $100 at the end of each month to reduce the outstanding

Question 4: Progressions (10 marks in total)

A woman borrows $1500, agreeing to pay $100 at the end of each month to reduce the outstanding principal and agreeing to pay the interest due on any unpaid balance at a rate of 12% per annum (i.e., 1% per month). Determine the sum of all interest payments.

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