Round 19.98 to the nearest whole number
2 answers:
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Answer:
Future amount (A) = $1,258.77 (Approx)
Step-by-step explanation:
Given:
Amount deposit (p) = $693
Rate of interest monthly (r) = 4.9% / 12 = 0.003833
Number of month (n) = 13 × 12 = 156
Find:
Future amount (A)
Computation:
Future amount (A) = $1,258.77 (Approx)
We have a sequence that meets the given criteria, and with that information, we want to get the sum of all the terms in the sequence.
We will see that the sum tends to infinity.
So we have 5 terms;
A, B, C, D, E.
We know that the sum of each term and its neighboring terms is 15 or 25.
then:
- A + B + C = 15 or 25
- B + C + D = 15 or 25
- C + D + E = 15 or 25
Now, we want to find the sum of all the terms in the sequence (not only the 5 given).
Then let's assume we write the sum of infinite terms as:
Now we group that sum in pairs of 3 consecutive terms, so we get:
So we will have a sum of infinite of these, and each one of these is equal to 15 or 25 (both positive numbers). So when we sum that infinite times (even if we always have the smaller number, 15) the sum will tend to be infinite.
Then we have:
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