Answer:
The given series converges and
Step-by-step explanation:
Given is 108, -18, 3,...
It is an alternate series. An alternate series is convergent if:
1. The series is decreasing.
2. If the last term (n-th term) of series converges to 0.
<u>Since each next term is less than its preceding term, so it is decreasing.</u>
First term, a = 108
Second term = -18
Common ratio, r = -18/108 = -1/6
General term, aₙ = a*rⁿ = 108*(-1/6)ⁿ
<u>When n increases to infinity, the exponent term will decreases to zero, and last term (n-th term) will converge to 0 as well.</u>
Hence, the given series converges.
Now limit will be:
Hence,
The percent of the discount is 28 percent off
Answer:
Future Value= $5,886.13
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $5,425
Number of periods (n)= 1 year
Interest rate (i)= 8.5% = 0.085
<u>To calculate the future value after one year, we need to use the following formula:</u>
<u></u>
FV= PV*(1+i)^n
FV= 5,425*(1.085^1)
FV= $5,886.13
Hey what number do you need help with