You can notice that each term of the sequence has a denominator with powers of 2. The first term has 2 powered to 0, the second term has a 2 powered to 1 and so on. The numerator is always 3.
Then, for the n-th term, you have:
Convert
to exponential/polar/trigonometric form:



By DeMoivre's theorem,


so that
and
.
Answer: the first one is exponential and the second one is function
The 0.072 will be you're answer
1. Using "exact" interest, your charge will be
.. I = Prt
.. I = $855.28*0.154*(31/365)
.. I = $11.19
2. It will take 52.01 months to pay off the loan.
3. Your payment on 15,250 for 4 years will be $363.41. The effective interest rate that payment represents on a loan of $15,000 is 7.604%
4. Todd's monthly payments will be $409.06, so his total outlay will be
.. tax+license + down payment + loan repayment
.. = 1200 +1000 +48*409.06
.. ≈ $21,835