You borrow a sum of money that calls for repayment to begin at $3,000 at the end of the first year, and increase by $600 at the end of each subsequent year through the end of year 5. If the sum is borrowed at 9%, how much have you borrowed? Express your answer in $ to the nearest $100 solutionspile.com

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You borrow a sum of money that calls for repayment to begin at $3,000 at the end of the first year, and increase by $600 at the end of each subsequent year through the end of year 5.  If the sum is borrowed at 9%, how much have you borrowed?  Express your answer in $ to the nearest $100  solutionspile.com

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