Suppose you save​ $1 the first day of a​ month, $2 the second​ day, $4 the third​ day, and so on. That​ is, each day you save twice as much as you did the day before. What will you put aside for savings on the sixteenth day of the​ month?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Suppose you save​ $1 the first day of a​ month, $2 the second​ day, $4 the third​ day, and so on. That​ is, each day you save twice as much as you did the day before. What will you put aside for savings on the

sixteenth

day of the​ month?

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