For doing a certain job, you are offered 1¢ the first day, 3¢ the second day, 9¢ thethird day, and so on. In dollars and cents, how much will you earn in total for the first15 days?$71,744.53$42,314.56$70,158.56$45,624.49

In the given case, the amount of cents increase on each day has a pattern of increasing by a factor…

Answered: For doing a certain job, you are…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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For doing a certain job, you are offered 1¢ the first day, 3¢ the second day, 9¢ the third day, and so on. In dollars and cents, how much will you earn in total for the first 15 days? $71,744.53 $42,314.56 $70,158.56 $45,624.49