Does G equal 2.3?. because this is a very diffacult problem, but the answer may very well be 2.3.
Amanda purchased a 30 year $10,000 bond at par value with a 4% coupon.
We find the coupon amount each year
Coupon amount = actual amount of bond * 4%
= 10,000 * 0.04 = 400
Coupon amount for every year = 400
Total value of coupons for 30 years = 400 * 30 = 12000
$12,000 is the total value of the coupons
PART A
The geometric sequence is defined by the equation

To find the first three terms, we put n=1,2,3
When n=1,



When n=2,



When n=3



The first three terms are,

PART B
The common ratio can be found using any two consecutive terms.
The common ratio is given by,



PART C
To find

We substitute n=11 into the equation of the geometric sequence.

This implies that,


4.80/0.12 = 40. So you can buy 40 pencils.