You have $44000 in a savings account that pays 2% annual interestand the inflatation rate is 3.24%. How much buying power in dol
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Answer:
<h3>i¹ + i² + i³ +. . .+ i⁹⁹ + i¹⁰⁰ = 0</h3>Step-by-step explanation:
Consider the sum S = i¹ + i² + i³ +. . .+ i⁹⁹ + i¹⁰⁰
S = i¹ + i² + i³ + . . . + i⁹⁹ + i¹⁰⁰
S = a₁ + a₂ + a₃ +. . . + a₉₉ + a₁₀₀
then, S is the sum of 100 consecutive terms of a geometric sequence (an)
where the first term a1 = i¹ = i and the common ratio = i
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then
or i¹⁰⁰ = (i⁴)²⁵ = 1²⁵ = 1 (we know that i⁴ = 1)
Hence
S = 0