Find the Fourth Term and The $n ^ { t h }$

question 106

Essay

Find the fourth term and the $n ^ { t h }$ term of the geometric sequence given $a _ { 1 } = 7$ and $\boldsymbol { r } = \frac { 1 } { 7 }$

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Definitions:

Elderly Families

Families that consist predominantly of members who are of retirement age or older, often with specific medical, social, and financial needs.

Implicit Marginal Tax Rate

The rate at which additional income is effectively taxed due to the phase-out of benefits or allowances.

Government Transfers

Payments made by the government to individuals or other entities without expecting a good or service in return, such as social security or unemployment benefits.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income, consumption, or other economic activities.