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Rama09 [41]
3 years ago
12

Let the geometric sequence {an} be defined as follows: {12, 6, 3, 3 /2 , 3 /4 , 3/ 8 ,...} Find the sum of the entire sequence,

S∞. A) 24 B) 240 C) 1,080 Eliminate D) 2,176,782,336
Mathematics
1 answer:
Korolek [52]3 years ago
8 0

Answer:

A) 24

Step-by-step explanation:

The given geometric series is {12, 6, 3, 3 /2 , 3 /4 , 3/ 8 ,...}

Each term can be represented as a product of its previous term and \[\frac{1}{2}\]

The generic term of the series can be represented as the product of the first term 12 and \[\frac{1}{2}^{n-1}\] where n is the index of the term in the series.

The sum to infinity of such a series is given by the following formula:

\[\frac{term1}{1-ratio}\]

Substituting and calculating:

\[\frac{12}{1-\frac{1}{2}}\]

=\[\frac{12}{\frac{1}{2}}\]

=12*2 = 24

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To achieve his goal of paying off $430,000 in 10 years, Rob Herndon needs to make $34,186.97 at 5% compounded annually.

<h3>What is a future value?</h3>

A future value refers to a value on a future date based on an assumed growth rate of interest over time.

The future value can be determined using the FV formula or table.

We can also compute the future value using an online finance calculator as follows:

<h3>Data and Calculations:</h3>

N (# of periods) = 10 years

I/Y (Interest per year) = 5%

PV (Present Value) = $0

FV (Future Value) = $430,000

<u>Results:</u>

PMT = $34,186.97

Sum of all periodic payments = $341,869.70

Total Interest= $88,130.30

Thus, for Rob Herndon to achieve his goal of paying off $430,000 in 10 years, he needs to make $34,186.97 at 5% compounded annually.

Learn more about Calculating Future Values at brainly.com/question/24703884

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7 0
2 years ago
Find the theoretical probability of rolling a number cube labeled 1-12 and<br> it landing on 7.
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1/12

Step-by-step explanation:

There are 12 sides, and 7 is one of them. Therefore, there is a 1/12 chance of it landing on that side if it is a fair cube.

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Step-by-step explanation:

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Step-by-step explanation:

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