We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive pseudonymised information about your use of our website. cookie policy and privacy policy.
 
+0  
 
-1
205
1
avatar+4116 

Help #10

 Mar 12, 2018
 #1
avatar+101746 
+1

10.   The sum is

 

26000[ 1 - (1.03)^5 ]  /  [ 1 - 1.03 ]  =  $138,037. 53

 

 

11.  Converges....the common ratio is  (1/2)

 

The sum is

 

     First term                        (1/5)                  (1/5)

_______________    =       ______     =       _____   =   2/5

 1 - common ratio                  1 - 1/2               1/2

 

 

The third answer is correct

 

 

cool cool cool

 Mar 12, 2018

13 Online Users

avatar
avatar