Answer:
We simply determine the present value of a compound increasing annuity.
Step-by-step explanation:
Answer: $81,243.05
$2, $4, $10, $20
1*2=2
2*2=4
5*2=10
10*2=20
4,272
Answer: Yes, this is a geometric sequence.
This is a geometric sequence since there is a common ratio between each term. In this case, multiplying the previous term in the sequence by 3 gives the next term.
