◆ QUADRATIC RESOLUTIONS ◆
Suppose you invest $67 a month in an annuity that earns a 3.1% APR,
2 answers:
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Answer:
a₇₅ = - 430
Step-by-step explanation:
There is a common difference between consecutive terms, that is
d = 81 - 88 = 74 - 81 = 67 - 74 = 60 - 67 = - 7
This indicates the sequence is arithmetic with nth term
= a₁ + (n - 1)d
where a₁ is the first term and d the common difference
Here a₁ = 88 and d = - 7 , then
a₇₅ = 88 + ( 74 × - 7) = 88 - 518 = - 430