Section 14.3 Geometric Sequences and Series
82.
2
1
22
1
a
ra
83.
1.05
r
20
1
20
24,000 1 1.05
1
n
ar
Sr
84. Company A:
1.06
r
5
1
5
30, 000 1 1.06
1
1 1 1.06
30,000 1 1.338226
0.06
30,000 0.338226 169,112.79
0.06
n
ar
Sr
Company B:
1.03
r
85. Option #1 (starting at $1,700,000 with $70,000
annual increases):
6
2
61,700,000 2,050,000
2
3(3,750,000) 11, 250,000
S
0.02
1,700,000 0.126162 10,723,806
0.02
Option #3 (starting at $1,500,000 with 9% annual
increases):
1.09
r
6
1
6
1,500, 000 1 1.09
1
111.09
1,500, 000 1 1.677100
11.09
1,500, 000 0.677100 11, 285,002
n
ar
Sr