Platinum Water Health Just Bought A New Race Track

platinum Water Health just bought a new race track. To pay for the race track, the company took out a loan that requires Platinum Water Health to pay the bank a special payment of 7,580 dollars in 4 month(s) and also pay the bank regular payments.  The first regular payment is expected to be 2,850 dollars in 1 month and all subsequent regular payments are expected to increase by 0.4 percent per month forever. The interest rate on the loan is 1.61 percent per month. What was the price of the race track?

Posted in Uncategorized