The number of terms, 'n' is 8
<h3 /><h3>How to determine the number of terms</h3>
Let's determine the common ratio;
common ratio, r = 3/1 = 3
The formula for sum of geometric series with 'r' greater than 1 is given as; Sn = a( r^n - 1) / (r - 1)
n is unknown
Sn = 3280
Substitute the value
3280 = 1 ( 3^n - 1) / 3- 1
3280 = 3^n -1 /2
Cross multiply
3280 × 2 = 3^n - 1
6560 + 1 = 3^n
6561 = 3^n
This could be represented as;
3^8 = 3^n
like coefficient cancels out
n = 8
Thus, the number of terms, 'n' is 8
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Hey there!!
Recursive formula :
... a( n ) = a ( n - 1 ) + 7
The first term is 12
To find the second term, we will need to substitute 2 in place of ' n '
2 term :
... a( 2 ) = a ( 2 - 1 ) + 7
... a( 2 ) = a( 1 ) + 7
We know a( 1 ) = 12
... a( 2 ) = 12 + 7
... 19 is the second term and we will need to use this to find the other terms.
Hope my answer helps!
Answer:
If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
Step-by-step explanation:
Here is what the question is asking. If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
What is the volume of the composite figure? (Use for .) Do NOT round your answer
answer- 2388.16
in- 3