Geometric Series & the Annuity Formula: Sum vs FV
This lesson is part of the course
In this lesson
You grow each yearly deposit to the end of the plan, add them up, and get the same total with the geometric series formula and with FV.
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Lessons in this course
- Arithmetic Sequences: nth Term, Sum & Salary Raises Locked
- Geometric Sequences: Growth & Depreciation Locked
- Geometric Series & the Annuity Formula: Sum vs FV Locked
- Infinite Geometric Series: Perpetuities & a Bouncing Ball Locked
- Recursive Sequences: Fibonacci & a Fish Population with Harvest Locked
- Sigma Notation with SUMPRODUCT & ROW Locked
- Linear vs Compound Growth: Two Salary Offers & a Chart Locked
- Convergence Tests by Computation: Partial Sums & the Ratio Test Locked