Question

PLEASE HELP ME!! I DON'T UNDERSTAND HOW TO SOLVE THIS! 20pts!! Tom has taken out a loan for college. He started paying off the loan with a first payment of $200. Each month he pays, he wants to pay back 1.2 times the amount he paid the month before. Explain to Tom how to represent his first 30 payments in sequence notation. Then explain how to find the sum of his first 30 payments, using complete sentences.

Answer 1

Hard to show:

30
capital sigma....1.2(n-1) +200
m=1

convergent - we're going up a fixed amount, n=1 to 30