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# geometric sequence watch

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1. An investment of \$2000 is made at the start of a year with a Finace Company.At the end of this year and at the end of each subsequent year the value of the investment is 11% greater than its value at the start of that year.
a) Find,to the nearest \$.the value of the investment at the end of
i) the 5th year
ii)the 10th year

A client decides to invest \$2000 at the start of each year.Write down a series whose sum is the total value of this annual investment at the end of 12 years.
b) By finding the sum of your series,determine,to the nearest \$, the value of the investment at the end of 12 years.

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Updated: May 19, 2002
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