Answer:
Month 8
In this month Company B's plan will pay $64,000 versus $45,000 from Company A.
Step-by-step explanation:
Start by calculating the monthly payments for both plans.
Month - Company A - Company B
1 $10,000 $500
2 $15,000 $1,000
3 $20,000 $2,000
4 $25,000 $4,000
5 $30,000 $8,000
6 $35,000 $16,000
7 $40,000 $32,000
8 $45,000 $64,000
9 $50,000 $128,000
10 $55,000 $256,000
11 $60,000 $512,000
12 $65,000 $1,024,000
13 $70,000 $2,048,000
14 $75,000 $4,096,000
15 $80,000 $8,192,000
16 $85,000 $16,384,000
17 $90,000 $32,768,000
18 $95,000 $65,536,000
19 $100,000 $131,072,000
20 $105,000 $262,144,000
21 $110,000 $524,288,000
22 $115,000 $1,048,576,000
23 $120,000 $2,097,152,000
24 $125,000 $4,194,304,000
X+1+x+2+x+3+x+4+x+5+x+6+x+7+x+8+x+9+x+10+x+11+x+12/12
12x+78/12 = 132 times 12 is
12x+78 = 1,548 minus 78
12x = 1,506 divide by 12
x = 125.5 I believe is the answer, sorry if it is wrong
I’m not sure if your answer is right but here’s how to solve it
F(1) = 45
f(n) = f(n-1) * 4/5
Step-by-step explanation:
f(n) = 45 x (4/5)ⁿ⁻¹
f(1) = 45 x (4/5)¹⁻¹ = 45 x (4/5)⁰ = 45 x 1 = 45
f (n-1) = 45 x (4/5)ⁿ⁻¹⁻¹ = 45 x (4/5)ⁿ⁻²
f(n) = f(n-1) * (4/5)¹ = 45 x (4/5) ⁿ⁻²⁺¹ = 45 x (4/5)ⁿ⁻¹
