Determine Whether or Not the Following Series Converges

question 33

Multiple Choice

Determine whether or not the following series converges.

• A) Converges
• B) Diverges
• C) Cannot be determined

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Definitions:

12%

A representation of twelve parts in a hundred, often used to describe interest rates, growth percentages, or discounts.

3 Years

A period or duration of three calendar years.

Compounded Monthly

Interest calculated on the principal and also on the accumulated interest of previous periods, with the compounding process happening every month.

9%

A specific interest rate often referenced in financial contexts to indicate the annual rate of return or charge.