Find the Sum of the Geometric Series $\sum _ { i = 1 } ^ { 10 } 400 ( 1.03 ) ^ { i } - 1 \quad$

question 56

Multiple Choice

Find the sum of the geometric series.
- $\sum _ { i = 1 } ^ { 10 } 400 ( 1.03 ) ^ { i } - 1 \quad$ Round the answer to four decimal places when necessary.

• A) \(461.8554\)
• B) \(9171.1034\)
• C) \(5123.1183\)
• D) \(4585.5517\)

---

Definitions:

Stock Market

A marketplace where securities such as stocks and bonds are bought and sold, providing companies with access to capital and investors with a slice of ownership in companies and potential income.

Government Bonds

Debt securities issued by a government to support government spending and obligations, typically offering a fixed rate of return over a certain period.

Volatile

Referring to a substance that changes state or quality easily, or, in financial contexts, to markets or prices that change rapidly and unpredictably.

Venture Capital Fund

A pool of money managed by professionals that is used to invest in high-growth potential startups and early-stage companies.