The General Term of a Sequence Is Given

question 174

Multiple Choice

The general term of a sequence is given. Determine whether the given sequence is arithmetic, geometric, or neither. If the sequence is arithmetic, find the common difference; if it is geometric, find the common ratio.
-A football player signs a contract with a starting salary of $860,000 per year and an annual increase of 5.5% beginning in the second year. What will the athlete's salary be, to the nearest dollar, in the sixth year?

• A) $1,123,986
• B) $1,124,567
• C) $1,122,713
• D) $1,126,301