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Help #10

NotSoSmart  Mar 12, 2018
 #1
avatar+87327 
+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

CPhill  Mar 12, 2018

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