Question 17 (1 point) Determine the first five terms of the geometric sequence. a₁ = 6, r = 5 6, 11, 16, 21, 26 6, 30, 150, 750, 3750 5, 30, 180, 1080, 6480 30, 150, 750, 3750, 18,750 Question 18 (1 point) Provide an appropriate response. A $10,000 loan is amortized by equal semiannual payments over 5 years. If the interest rate is 8% compounded semiannually, then the principal repaid in the first payment is $853.64. $795.38. $806.21. $832.91. $762.47.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Question 17 (1 point)
Determine the first five terms of the geometric sequence.
a₁ = 6, r = 5
6, 11, 16, 21, 26
6, 30, 150, 750, 3750
5, 30, 180, 1080, 6480
30, 150, 750, 3750, 18,750
Transcribed Image Text:Question 17 (1 point) Determine the first five terms of the geometric sequence. a₁ = 6, r = 5 6, 11, 16, 21, 26 6, 30, 150, 750, 3750 5, 30, 180, 1080, 6480 30, 150, 750, 3750, 18,750
Question 18 (1 point)
Provide an appropriate response.
A $10,000 loan is amortized by equal semiannual payments over 5 years. If the
interest rate is 8% compounded semiannually, then the principal repaid in the first
payment is
$853.64.
$795.38.
$806.21.
$832.91.
$762.47.
Transcribed Image Text:Question 18 (1 point) Provide an appropriate response. A $10,000 loan is amortized by equal semiannual payments over 5 years. If the interest rate is 8% compounded semiannually, then the principal repaid in the first payment is $853.64. $795.38. $806.21. $832.91. $762.47.
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