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A list of numbers following a certain pattern a 1, a 2, a 3, a 4, …, a n, … Pattern is determined by position or by what has come before 25. Sequences 3, 6, 12, 24, 48, … 1
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Defined by n(position) Find the first four terms and the 100 th term for the following: 2
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Defined Recursively Find the first five terms for the following: 3
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Partial Sums Adding the first n terms of a sequence, the n th partial sum: 4
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Find the first 4 partial sums and then the nth partial sum for the sequence defined by: Partial Sums – continued 5
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Sigma Notation, Write the following without sigma notation: Find the value of the sum: 6
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Consider the following sequences: 26. Arithmetic Sequences 4, 7, 10, 13, 16, … 81, 75, 69, 63, 57, … 7
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Definition An arithmetic sequence is the following: with a as the first term and d as the common difference. 8
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Example 1 9
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Partial Sum Find the 1000 th partial sum for arithmetic sequence with a = 1, d = 1: 10
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Partial Sum – continued Find the 7 th partial sum for arithmetic sequence with a = 10, d = 7: 11
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Example 2 For the month of June, you got $4 on the first day, $7 on the second day, $10 on the third day and so on. How much did you receive in total by the end of the month? 12
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Consider the following sequences: 27. Geometric Sequences 3, 6, 12, 24, 48, … 81, 27, 9, 3, 1, … 13
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Definition A geometric sequence is the following: with a as the first term and r as the common ratio. 14
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Examples Find the common ratio, the nth term, and the 5 th term. 15
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Partial Sum & Infinite Sums The partial sum of a geometric sequence looks like: 16
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Infinite Sums 17
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Examples Find the sum of the infinite geometric series: 18
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Two situations that use geometric sequences: Annuity – money paid in equal payments to become a lump sum (the amount of the annuity, A f, is the sum of all payments plus any interest accrued.) Installment Buying – lump sum borrowed now and paid back in equal payments, how much is paid monthly on a loan for a car, house, …? how much can be borrowed if a certain monthly payment is possible? 28. Mathematics of Finance 19
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Annuities Make yearly payments of $200 to an account that has an annual interest rate of 5%. What is the account worth after the 10 th payment is made? 20
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Annuities (in general) 21
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Installment Buying 22
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Example 1 23
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Example 2 24
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