Find the Indicated Sum $$\sum _ { i = 1 } ^ { 8 } \left( \frac { 4 } { 3 } \right) ^ { i }$$

question 184

Multiple Choice

Find the indicated sum. Use the formula for the sum of the first n terms of a geometric sequence.
- $$\sum _ { i = 1 } ^ { 8 } \left( \frac { 4 } { 3 } \right) ^ { i }$$

• A) \(\frac { 235,900 } { 6561 }\)
• B) \(\frac { 58,975 } { 2187 }\)
• C) \(- \frac { 14,197 } { 2187 }\)
• D) \(- \frac { 56,788 } { 6561 }\)

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Definitions:

Cost of Capital

The rate of return a company must earn on its investments to maintain its market value and attract funds.

Inventory Turnover Ratio

A financial metric that shows how many times a company has sold and replaced its inventory over a specific period, indicating the efficiency in managing stock.

Income Statement

A financial statement that shows a company's revenue, expenses, and profit over a specific period.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.