The Following Are the First Five Terms of an Infinite

question 175

Multiple Choice

The following are the first five terms of an infinite sequence. Find a formula for the general term starting with n = 1 , and write down the entire sequence.

---

Definitions:

Likelihood of Collection

An assessment of the probability that accounts receivable or other debts will be successfully collected from debtors.

Factoring Fee

A charge assessed by a factoring company for providing cash advances to businesses by purchasing their accounts receivable at a discount.

Accounts Receivable

Outstanding payments due to a firm from its clients for delivered services or products yet to be settled.

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.