1000 1000 1051 1000 1052 1000 1052. If 2000 is invested at 5 compounded annually the amount A present after n years forms a geometric series with common ratio 1 005 105. P 1r x 1r x.
Then F A i n 1 i n 1 i.
In a Geometric Sequence each term is found by multiplying the previous term by a constant. Youre trying to solve the equation 150000 Pa n. The factor 1 i n 1 i is called Uniform Series Compound-Amount Factor and is designated by FAin. At the end of second month the man owes.