Solve the Problem $17 \%$ Each Year Thus, the Yearly Stock Values Can Be Modeled by Stock

question 51

Multiple Choice

Solve the problem.
-A financial planner predicts that a certain stock will increase in value $17 \%$ each year. Thus, the yearly stock values can be modeled by a geometric sequence whose common ratio $r$ is $1.17$ . If the initial stock value was $\$ 33$ , write the first five terms of the sequence. Round to the nearest cent, if necessary.

• A) \(\$ 33 , \$ 45.17 , \$ 52.85 , \$ 61.84 , \$ 72.35\)
• B) \(\$ 33 , \$ 34.17 , \$ 35.34 , \$ 36.51 , \$ 37.68\)
• C) \(\$ 38.61 , \$ 45.17 , \$ 52.85 , \$ 61.84 , \$ 72.35\)
• D) \(\$ 33 , \$ 38.61 , \$ 45.17 , \$ 52.85 , \$ 61.84\)

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