Answer:
6561 / 128
Step-by-step explanation:
The nth term of a geometric sequence is:
a = a₁ (r)ⁿ⁻¹
The first term is 3, and the fourth term is 81/8.
81/8 = 3 (r)⁴⁻¹
27/8 = r³
r = 3/2
The eighth term is therefore:
a = 3 (3/2)⁸⁻¹
a = 6561 / 128
False, because when you connect them the don't even look like a line.
Hope this helps! ;)
Given:
treasury bond = 40,000
brokers commission = 600
interest rate = 12$ p.a
interest paid semi-annually, january 1 and july 1.
Since the treasury bond was sold on June 1, its interest revenue will only be equal to 1 month ( June 1 to July 1).
12% / 12 months = 1% per month
40,000 * 1% = 400 interest revenue to be recorded on July 1.
