Examlex

Solved

Determine Whether the Sequence Is Geometric

question 68

Multiple Choice

Determine whether the sequence is geometric.
-4, 12, 36, 108, 324, ...


Definitions:

Annuity

An investment vehicle that provides a consistent series of disbursements to a person, often employed in retirement planning.

RRSP

A registered retirement savings plan, a tax-advantaged account designed to help Canadians save for retirement.

Compounded

The process by which interest is earned on both the initial principal and the interest that has been added to it, thus "compounding" the amount.

Monthly

Occurring or done once a month.

Related Questions