Use the Geometric Series Formula to Find the Sum of $\frac { ( - 2 ) ^ { 4 } - 1 } { ( - 2 ) - 1 }$

question 29

Multiple Choice

Use the geometric series formula to find the sum of 1 – 2 + 4 – 8 + 16.

• A) \(\frac { ( - 2 ) ^ { 4 } - 1 } { ( - 2 ) - 1 }\)
• B) \(\frac { 2 ^ { 4 } - 1 } { 2 - 1 }\)
• C) \(\frac { ( - 2 ) ^ { 5 } - 1 } { ( - 2 ) - 1 }\)
• D) \(\frac { 2 ^ { 5 } - 1 } { 2 - 1 }\)

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Definitions:

Incremental Cost

The additional cost that arises from producing one more unit of a good or service.

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The inflows and outflows of cash and cash equivalents, representing the operational, investing, and financing activities of a business.

Post-audit

The evaluation process conducted after a project's completion to assess its actual performance against planned objectives and costs.

Accounting Rate of Return

A financial metric that measures the return on investment expected from a project or asset, calculated as the average annual profit divided by the initial investment cost.