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Flashcards for review of arithmetic and geometric sequences, series, and finance problems.
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Arithmetic Sequence
A sequence where the difference between consecutive terms is constant.
Arithmetic Sequence (explicit formula)
an = a₁ + (n-1)d
Geometric Sequence
A sequence where each term is multiplied by a constant ratio to get the next term.
Geometric Sequence (explicit formula)
an = a₁ * r^(n-1)
Recursively-defined Sequences
Sequences defined by a formula that relates each term to the previous term(s).
Arithmetic Recursive Formula
an = a(n-1) + d
Geometric Recursive Formula
an = a(n-1) * r
Arithmetic Series
The sum of the terms in an arithmetic sequence.
Arithmetic Series Formula
Sn = (n/2) * (a₁ + an)
Geometric Series
The sum of the terms in a geometric sequence.
Geometric Series (finite) Formula
Sn = a₁ * (1-r^n) / (1-r), when r≠1
Infinite Geometric Series
The sum of an infinite geometric sequence, when |r| < 1.
Infinite Geometric Series Formula
S = a₁ / (1-r), when |r| < 1
Sigma Notation
A notation used to represent the sum of a series.
Σ notation (∑a_i from i=1 to n)
Represents the sum of terms a_i from i=1 to n.
Compound Interest Formula
A(t) = P(1 + r/n)^(nt)
A(t)
Amount after t years
P
Initial amount (Principal)
r
Annual interest rate
n
Number of times interest is compounded per year