Express 1 + 8 + 64 + 512 + 4,096

question 311

Essay

Express 1 + 8 + 64 + 512 + 4,096 + 32,768 in sigma notation with k = 3 as the lower limit.

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Definitions:

General Obligation Bond

A municipal bond backed by the full faith and credit of the issuing authority, with repayment guaranteed by the authority's ability to tax.

Revenue Bond

A type of municipal bond supported by the revenue from a specific project, like a toll road or public utility, rather than from tax revenue.

Secured Bond

A type of bond backed by the issuer's assets, providing a safeguard to bondholders by promising specific collateral in case of default.

Pass-through Bond

A type of security that pools investments and passes the income from these investments through to the investors.