(Solved): tive's lawyer has contacted you to tell you that you are entitled to an inheritance, and that the re ...
tive's lawyer has contacted you to tell you that you are entitled to an inheritance, and that the relative has given you two options from which you options. He wants you to call him back to let him know your preference if you start receiving money in a 30-day month and your preference if yo Inheritance Option 1: You will receive
$50,000on day
1,$75,000on day
2,$100,000on day
3,$125,000on day 4 , and continuing this pattern for 30 or 31 days. So you would get
$50,000+$75,000+$100,000+$125,000+dotsdotsInheritance Option 2: You will receive
$0.01on day 1,
$0.02on day 2,
$0.04on day 3,
$0.08on day 4, and continueing this pattern for 30 or 31 days. So you would get
$0.01+$0.02+$0.04+$0.08+dots. what is the common difference? Explain. what is the common ratio? Explain. must use the "rule for the nth term" formula.) must use the "rule for the nth term" formula.) work. (You must use the Sum of a Series formula.) work. (You must use the Sum of a Series formula.)
