Answer:
see explanation
Step-by-step explanation:
These are the terms of a geometric sequence with n th term
= a
where re a is the first term and r the common ratio
r = 9 ÷ - 3 = - 27 ÷ 9 = 81 ÷ - 27 = - 3 ← common ratio
and a = - 3, thus
[te x]a_{n}[/tex] = - 3 ← explicit formula
You can do this by doing 4 x 384, and you also want to find 4 x 5384 is then all you have to do is multiply the product of that by 5,000. Or to make life easier, do 5 times the product, and then add 3 zeros to the answer.
Answer:
Chris' initial investment is $5000. The interest rate is 2% quarterly for 4 years.
Step-by-step explanation: