Engr. Odon is paying a loan five thousand pesos 2% monthly for 3 years. If the payment is to start after 6years. What is the value after 14years of the last payment? Solve and explain I'll rate!

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Engr. Odon is paying a loan five thousand pesos 2% monthly for 3 years. If the payment is to start after 6years. What is the value after 14years of the last payment?

Solve and explain I'll rate! 

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