Multiple Choice
Find the common ratio r for the given infinite geometric sequence.
-A sequence of yearly payments of $3000 is invested at an interest rate of 1.5%, compounded annually. What is the total amount of the annuity after 9 years?
A) $28,178.00
B) $29,678.00
C) $28,678.00
D) $27,678.00
Correct Answer:
Verified
Correct Answer:
Verified
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