Write the Word or Phrase That Best Completes Each Statement $$\left( 1 - \frac { 1 } { 2 } \right) \left( 1 - \frac { 1 } { 3 } \right) \ldots \left( 1 - \frac { 1 } { n + 1 } \right) = \frac { 1 } { n + 1 }$$

question 57

Essay

Write the word or phrase that best completes each statement or answers the question.
Use the Principle of Mathematical Induction to show that the statement is true for all natural numbers n.
- $$\left( 1 - \frac { 1 } { 2 } \right) \left( 1 - \frac { 1 } { 3 } \right) \ldots \left( 1 - \frac { 1 } { n + 1 } \right) = \frac { 1 } { n + 1 }$$

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Definitions:

Amortization Table

A listing of the unpaid principal, the monthly payment, the amount allocated to paying down the principal, and the amount allocated to interest.

Spreadsheet

A digital document composed of rows and columns that helps in organizing, analyzing, and storing data, often used for financial calculations.

Formula

A mathematical relationship or rule expressed in symbols.

Lessee

A person or entity that leases or rents property from another; the counterpart to the lessor.