Geometric sequences are use in compound interest calculations, such as adding a fixed amount into a savings account each period. They are also used in rate of return calculations to determine the present value of a series of cash flows.
Arithmetic sequences are used to determine how many Hanukkah candles you need if you light 2 the first night, 3 the next night, and so on for 8 nights.
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Geometric sequences are use in compound interest calculations, such as adding a fixed amount into a savings account each period. They are also used in rate of return calculations to determine the present value of a series of cash flows.
Arithmetic sequences are used to determine how many Hanukkah candles you need if you light 2 the first night, 3 the next night, and so on for 8 nights.