Kenneth S. answered • 04/02/17

Algebra II EXPERT will help you survive & prosper

beginning in 2006 and contributing additional money annually, the series of payments is

1200 +1.1(1200) + 1.1

^{2}(1200) + ... 1.1^{17}(1200) for 18 years.You should recognize this as a geometric series, so you can use the formula that applies. The other questions can also be answered easily by calculating the appropriate individual terms.

Kenneth S.

1.1 = 1 + 0.10 that is, multiplication by 1 just keeps the same value, but multiplication by 1.10 keeps the prior value but also incorporates the additional ten % of that prior value.

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04/02/17

Vince D.

04/02/17