Examlex
Write a formula for the nth term of the given geometric sequence.
1, 6, 36, 216, 1296, . . .
Ordinary Annuity
An annuity in which the payments are made at the end of each period, such as monthly or annually.
Financial Calculator
A tool used to perform financial functions and calculations, including interest rates, loan payments, investment values, and more.
Compounded Semi-annually
Interest computation technique where the sum earns interest twice annually, compounding the overall growth over time.
Monthly Payment
A fixed payment amount made by a borrower to a lender at agreed upon intervals, commonly used in loan agreements.
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