For the following exercises, determine the value of the annuity for the indicated monthly deposit amount, the
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For the following exercises, determine the value of the annuity for the indicated monthly deposit amount, the number of deposits, and the interest rate.
Write 0.65 as an infinite geometric series using summation notation. Then use the formula for finding the sum of an infinite geometric series to convert 0.65 to a fraction.
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a Adding together a finite number of repeating terms in a geometric series results in the summation ...View the full answer
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