Describe Each Sequence Recursively

question 44

Short Answer

describe each sequence recursively. Include initial conditions and assume that the sequences begin with a₁.
-a_n = the number of bit strings of length n that begin with 1

Determine the amount of principal paid off with structured payments over a specified period.

Understand the impact of compound interest on loans and amortization calculations.

Understand the advantages and disadvantages of the corporate form of business organization.

Recognize the role of financial information in decision making and identify characteristics that make it relevant.