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Find the Sum of the Geometric Series i=110400(1.03)i1\sum _ { i = 1 } ^ { 10 } 400 ( 1.03 ) ^ { i } - 1 \quad

Question 56

Multiple Choice

Find the sum of the geometric series.
- i=110400(1.03) i1\sum _ { i = 1 } ^ { 10 } 400 ( 1.03 ) ^ { i } - 1 \quad Round the answer to four decimal places when necessary.


A) 461.8554461.8554
B) 9171.10349171.1034
C) 5123.11835123.1183
D) 4585.55174585.5517

Correct Answer:

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