Answer
914.633
Work Step by Step
Here $a=750.000$ and $r=0.18$
The summation is from $i=1$ to $n-1=7 \rightarrow n=8$
${\Sigma}750.000(0.18)^{i}=750.000(\frac{(0.18)^{8}-1}{0.18-1}) \approx 914.633$
Calculus with Applications (10th Edition)
by Lial, Margaret L.; Greenwell, Raymond N.; Ritchey, Nathan P.
Published by
Pearson
ISBN 10:
0321749006
ISBN 13:
978-0-32174-900-0
Chapter 12 - Sequences and Series - Chapter Review - Review Exercises - Page 662: 75
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