Question: Walnut just bought a new cracker for $ 1 0 0 , 0 0 0 . 0 0 . To pay for the cracker, the
Walnut just bought a new cracker for $ To pay for the cracker, the company took out a loan that requires Walnut to pay the bank a special payment of $ in months and also make regular monthly payments forever. The first regular payment is expected in month and is expected to be $ All subsequent regular payments are expected to increase by a constant rate each month forever. The interest rate on the loan is percent per month. What is the monthly growth rate of the regular payments expected to be
plus or minus
plus or minus
plus or minus
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none of the answers are within of the correct answer
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