Which of these represents a competitive but realistic interest rate on a savings account?
1 answer:
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The sum of the first five terms is 11/2
<h3>How to determine the sum?</h3>The series is given as:
1/2, -1,2,-4…
Calculate the common ratio of the series using
r = -4/2
Evaluate
r = -2
The sum is then calculated as:
This gives
Evaluate
Evaluate
Hence, the sum of the first five terms is 11/2
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