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Rob has to make \(5\) payments on his student loans from college. Each payment will be twice the amount of the previous

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by Vincen » Tue Nov 02, 2021 3:44 am
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Rob has to make \(5\) payments on his student loans from college. Each payment will be twice the amount of the previous payment. If the total amount he has to pay back is \(\$1,550,\) how much is Rob's first payment?

A. \(\$10\)
B. \(\$20\)
C. \(\$25\)
D. \(\$50\)
E. \(\$75\)

Answer: D

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