bearing in mind that, the geometric sequence is "convergent" only when |r|<1, or namely "r" is a fraction between 0 and 1.
Ralph has been awarded some money in a settlement. He has the option to take a lump sum payment of $425,000 or get paid an annui
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bearing in mind that, the geometric sequence is "convergent" only when |r|<1, or namely "r" is a fraction between 0 and 1.