Find the Common Ratio R for the Given Infinite Geometric

question 303

Multiple Choice

Find the common ratio r for the given infinite geometric sequence.
-A woman borrowed $10,000 at 6% interest compounded annually. If the loan was paid off in one lump sum at the end of 4 years, how much did she pay?

• A) $10,600.00
• B) $12,624.77
• C) $2624.77
• D) $12,400.00

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Definitions:

Extended Family

A family group that extends beyond the nuclear family, including grandparents, aunts, uncles, and other relatives.

Blended Family

A combined family structure created by the merging of two families with children from previous relationships, emphasizing unity.

Natural Family

A social unit typically consisting of parents and their children by blood or adoption, emphasizing biological connections.

Fictive Kin

Individuals not related by blood or marriage who are nonetheless considered to be family due to close emotional ties or bonds.