Use Mathematical Induction to Prove the Following $$\sum _ { i = 1 } ^ { n } ( 5 i + 8 ) = \frac { n ( 5 n + 21 ) } { 2 }$$

question 87

Essay

Use mathematical induction to prove the following.
- $$\sum _ { i = 1 } ^ { n } ( 5 i + 8 ) = \frac { n ( 5 n + 21 ) } { 2 }$$

Understand the implications of mortgage terms, including prepayment penalties and insurance requirements.

Understand the principles of suretyship and the rights and obligations of sureties.

Identify the types of properties exempt from creditors' judgments and the implications of these exemptions.

Analyze the legal outcomes of modifications to loan agreements without the surety's consent.

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Definitions:

Accumulated Depreciation

This refers to the total amount of a company's asset cost that has been expensed through depreciation over the asset's life, reducing its initial cost on the balance sheet.

Assets Sold

Items or properties a company has disposed of, either by selling, trading, or other means of transfer.

Sum-Of-The-Years'-Digits Depreciation

A method of depreciation that results in a more accelerated write-off of the asset than the straight-line method, basing the expense on a fraction that decreases year by year.