How would a bigger down payment be beneficial to borrowers?
2 answers:
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a geometric sequence is a bunch of numbers where you can get from a number to the next number by multiplying the previous number by a certain number
might be confusing so here's an example
1,2,4,8,16
each term is multiplied by 2 to get next term, that number that each term is multiplied by is called the common ratio
formula for geometric sequence is
where is nth term
is first term
r is teh common ratio
n=which term
in our example
1,3, 9, 27, 81
each term is being multiplied by 3 so it is a geometric sequence and thus r=3
also first term is 1 so
so the formula is or in function notation