MEDAL AND FAN!
Larry has taken out a loan for college. He started paying off the loan with a first payment of $150. Each month he pays, he wants to pay back 1.3 times as the amount he paid the month before. Explain to Larry how to represent his first 15 payments in sigma notation. Then explain how to find the sum of his first 15 payments, using complete sentences. Explain why this series is convergent or divergent.

Question

MEDAL AND FAN!
Larry has taken out a loan for college. He started paying off the loan with a first payment of $150. Each month he pays, he wants to pay back 1.3 times as the amount he paid the month before. Explain to Larry how to represent his first 15 payments in sigma notation. Then explain how to find the sum of his first 15 payments, using complete sentences. Explain why this series is convergent or divergent.

anonymous · Answer

@HELP!!!! @SolomonZelman

anonymous · Answer

@cwrw238

anonymous · Answer

one thing I know for sure is that it is convergent

anonymous · Answer

because its greater than 1 right?

anonymous · Answer

I guess, but mostly because you have a finite sum

anonymous · Answer

I found another openstudy with the same question... do u think that answer is correct???? http://openstudy.com/study#/updates/534e1c70e4b003529b219fa2

anonymous · Answer

yes exactly! I was drawing it, but you showed it! gud job!

anonymous · Answer

k, thanks for your help!

anonymous · Answer

thanks! fan?