Answer:
8 times due to 48 divided by 6 is 8
Step-by-step explanation:
Answer:
Seventh term is 64
Sum of the first seven terms is 127
Step-by-step explanation:
The common ratio is 2
n = 7 and the first term is 1. So,

Seventh term is 64



Sum of the first seven terms is 127
We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>