Unit 4 - 4.4 Recursion and Special Sequences?

The Cruz family is taking out a mortgage loan for $100,000 to buy a house. Their monthly payment is $678.79. The recursive formula bn = 1.006bn-1 - 678.79 describes the balance left on the loan after n payments. Find the balance of the loan after each of the first four payments. What do you notice about how the balance changes over time? Be specific.

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