A loan is to be repaid by annual payments continuing forever,
the first one due one year after the loan is made. Find the amount
of the loan if the payments are 1, 2, 3, 1, 2, 3, ... assuming an
annual effective interest rate of 10%.
Possible Answers
A
< 19
B
≥ 19 but < 20
C
≥ 20 but < 21
D
≥ 21 but < 22
E
≥ 22