Anewborn child receives a $9,000 gift toward a college education from her grandparents. how much will the $9,000 be worth in 18 years if it is invested at 7.1% compounded quarterly? round to the nearest cent.

see explanation

step-by-step explanation:

since the sequence is geometric there is a common ratio r between consecutive terms, that is

r = 4 ÷ - 2 = - 2

r = - 8 ÷ 4 = - 2

r = 16 ÷ 8 = - 2

the next term - 13 must be incorrect as it should be - 32 for the sequence to be geometric.

the first 4 terms are therefore geometric with common ratio r = - 2

4 and 5)16.97 or 12√2

6)15.59 or 9√3

7)y = 15.59 or 9√3     x =27

8)17.80