1.Consider the following sequence

an=-3^n

where n=1,2,3,...

Select all the terms that apply to this sequence.

2. Jane can invest in an asset that pays an interest rate of 5%. She is looking to retire in 10 years and realizes that in order to maintain her preferred lifestyle she will need 3,000,000 dollars at that time. How much does Jane have to invest now in order to reach her target at the time of her retirement, if:

Interest is compunded annually?

Interest is compunded semi-annually?

Interest is compunded monthly?

Interest is compunded continuously?

Please round off your answers to the nearest whole number (i.e. if your answer is 100.9, then type 101).

		Bounded
		Unbounded
		Divergent
		Convergent
		Monotonically increasing
		Monotonically decreasing