11.43 hope you have a good day
T(n)=6-1=5
that means all terms are 5 because n does not appear on the right hand side.
However, if T(n)=6n-1, then
first term = T(1)=6(1)-1=5,
but second term T(2)=6(2)-1=11...
Answer:
20.4 years
Step-by-step explanation:
The nper formula in excel comes handy in this scenario:
=nper(rate,pmt,-pv,fv)
Rate is the monthly rate of 5.4%/12
Assuming actual investment is $5,000 which is pv
The triple amount would be $5,000*3=$15,000 which is future value fv.
pmt is the regular cash flow the investment which is zero
=nper(5.4%/12,0,-5000,15000)= 244.68 months
Yearly it can be expressed as = 244.68/12 =20.39 years
When rounded to one decimal place it becomes 20.4 years
Answer:
True
Step-by-step explanation:
