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All integers where n ≥ 1.
We have given that the sequence,
We have to find the domain for n.
<h3>What is the meaning of arithmetic sequence?</h3>Arithmetic sequence is a sequence of numbers such that the difference between the consecutive terms is constant. Difference here means the second minus the first.
That is,
where a = first term of sequence.
d =common difference.
n =number of terms which belongs to natural numbers
By the definition of arithmetic sequence n starts with 1
Remember that,the natural number starts with 1
Now, in given sequence for nth term
The domain for n is All integers where n ≥ 1.
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The correct option is B, II. only.
Given to us,
I. In the effective rate formula, n is equal to one.
Effective interest rate formula,
where,
r is the effective interest rate,
i is the stated interest rate,
n is the number of compounding periods per year.
According to the question the compounding periods per year is not given to us. Also, loans are taken for a longer period of time.
Thus, we can conclude that statement is false.
II. The nominal rate is 7. 918%.
nominal rate = real interest rate + inflation rate,
but as it is not mentioned in the question about the inflation rate. the statement is true to us. Assuming the inflation rate is 0%.
Thus, we can conclude that statement is true.
III. The Federal Funds Rate is static.
This statement is false, as the no information is given about this statement also this can not be concluded through assumption.
Thus, we can conclude that statement is false.
Hence, The correct option is B, II. only.
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