Answer:
Ordinary annuity
Step-by-step explanation:
Given : ABC Insurance offers an annuity with 4.5% APR for the next 5 years. You decide to invest $1000 each year into this account.
To find : What type of annuity is this?
Solution :
Annuity is the form of insurance in which some of the money is paid each year to secure for future.
There are two types of annuity:
Ordinary annuity - In this annuity the payment is made at the end of each period over a fixed length of time. Also in this annuity payments are made monthly, quarterly, semi-annually or annually.
Annuity due - is the opposite of ordinary annuity as in this the payment is made at the beginning of each period.
In the given situation the annuity is ordinary annuity because the investment is done each year for 5 years.
Q1)
the sequence should start with 10, after that each term is calculated by subtracting 3 from the previous term.
1st term - 10
2nd term - 10 - 3 = 7
3rd term - 7 - 3 = 4
4th term - 4 - 3 = 1
5th term - 1 - 3 = -2
6th term - -2 - 3 = -5
7th term - -5 - 3 = -8
8th - -8 - 3 = -11
9th - -11 - 3 = -14
10th -14 - 3 = -17
the sequence is - 10,7,4,1,-2,-5,-8,-11,-14,-17
Q2)
<span>the sequence whose nth term is the sum of the first n positive integers
In this we get the term by adding all the integers of the terms before that term
1st term - n = 1 no terms before this , therefore 0 + n(1) = 1
2nd term -n =2 sum of integers before - 1 + n( 2) = 3
3rd - 3+3 = 6
4th - 6+4 = 10
5th - 10 + 5 = 15
6th - 15 + 6 = 21
7th - 21 + 7 = 28
8th - 28 + 8 = 36
9th - 36 + 9 = 45
10th - 45 + 10 = 55
this is a triangular number pattern
this number pattern can be found out using ; n = (n x (n+1))/2
sequence is - 1,3,6,10,15,21,28,36,45,55
Q3)
</span>the sequence whose nth term is 3n − 2n
general term for this sequence is 3n − 2n
to find 1st term , n = 1
substituting n = 1 in the general term
1st term - 3x1 - 2x1 = 3-2 = 1
2nd - 3x2- 2x2 = 6 - 4 = 2
3rd - 3x3 - 2x3 = 9-6 = 3
4th - 3x4 - 2x4 = 12 - 8 = 4
5th - 3x5 - 2x5 = 15 - 10 = 5
6th - 3x6 - 2x6 = 18 - 12 = 6
7th - 3x7 - 2x7 = 21 - 14 = 7
8th - 3 x8 - 2x8 = 24 - 16 = 8
9th - 3x9 - 2x9 = 27 - 18 = 9
10th - 3x10 - 2x10 = 30-20 = 10
sequence is 1,2,3,4,5,6,7,8,9,10
Q4)
<span>the sequence whose nth term is √ n
when n=1 1st term is </span>√1 = 1
1st term - √1 = 1
2nd term - √2 = 1.41
3rd - √3 = 1.73
4th - √4 = 2
5th - √5 = 2.23
6th- √6 = 2.44
7th - √7 = 2.65
8th- √8 = 2.82
9th - √9 = 3
10th - √10 = 3.16
The sequence is 1, 1.41, 1.73, 2, 2.23, 2.44, 2.65, 2.82, 3, 3.16
Q5)T<span>he sequence whose first two terms are 1 and 5 and each succeeding term is the sum of the two previous terms
</span>1st term - 1
2nd term - 5
3rd term - add 1st and 2nd term (1+5) = 6
4th term - add 2nd and 3rd terms (5+6) = 11
5th - add 3rd and 4th (6+11) = 17
6th - (11+17) = 28
7th - (17 + 28) = 45
8th - 45 + 28 = 73
9th - 73 + 45 = 118
10th - 73+ 118 = 191
sequence is - 1,5,6,11,17,28,45,73,118,191
Answer: yes
Step-by-step explanation:
it’s the 41st term
