Answer:
10+10
Step-by-step explanation:
I think it’s 51.6% because 8.3% interest at the rate of 6 years is just 8.3 multiplied by 6 which is 51.6
APR is different than other compounding periods because you would need to find some equivelancy to compare things at.
Answer:
The 3rd term is

Step-by-step explanation:
From the given information, the first term of the sequence is

The common ratio of the sequence is

The explicit formula for a geometric sequence is :

To find the third term, we put n=3 to get:

This simplifies to:
