Let

where we assume |r| < 1. Multiplying on both sides by r gives

and subtracting this from
gives

As n → ∞, the exponential term will converge to 0, and the partial sums
will converge to

Now, we're given


We must have |r| < 1 since both sums converge, so


Solving for r by substitution, we have


Recalling the difference of squares identity, we have

We've already confirmed r ≠ 1, so we can simplify this to

It follows that

and so the sum we want is

which doesn't appear to be either of the given answer choices. Are you sure there isn't a typo somewhere?
Answer:
t = 2.7
Step-by-step explanation:
1. Use formula provided
2. A = 3500 B = 2000 r = 4.75 n = 12months/4 = 3 months t = ?
3. Solve
3500=2000(1+4.75/3)^3t
3t=logbase(31/12)*1500
t=logbase(31/12)*1500 / 3
t ≅2.568
Answer:1.41666666667 or to simplify, 1.416 but the 6 is repeating so draw a bar over the 6.
Step-by-step explanation:
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