Use the Formula for the Sum of the First N $$\sum _ { \mathrm { i } = 1 } ^ { 48 } ( 4 \mathrm { i } + 7 )$$

question 2

Multiple Choice

Use the formula for the sum of the first n terms of an arithmetic sequence to find the indicated sum.
- $$\sum _ { \mathrm { i } = 1 } ^ { 48 } ( 4 \mathrm { i } + 7 )$$

• A) 4944
• B) 5184
• C) 5040
• D) 5352

Understand the calculation and application of simple interest in various financial contexts.

Analyze changes in interest rates and their impact on loan repayments and investment returns.

Calculate the fair market value of investments based on future payments.

Determine the maximum price to pay for a private investment considering its expected returns.

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