Suppose you make deposits into an investment account. These deposits occur in a sequence that are multiples of 15. The f
Posted: Fri Jul 01, 2022 8:47 am
- Suppose You Make Deposits Into An Investment Account These Deposits Occur In A Sequence That Are Multiples Of 15 The F 1 (288.18 KiB) Viewed 52 times
Suppose you make deposits into an investment account. These deposits occur in a sequence that are multiples of 15. The first deposit (i.e. the first term in the sequence) is $240, and the last deposit is an amount that is less than $2022. (a) How many deposits are you going to make into your account? (Hint: What is the total number of terms in this sequence?) (3 marks) (b) Calculate the total sum of all the deposits you make into your investment account. (Hint: What is the sum of all the terms in this series?) (3 marks)