1. 12.2 Geometric Sequences and Series

2. The ration of successive terms in a geometric sequence is a constant called the common ratio, denoted r.
Geometric Sequence – a sequence in which each term after the first, a1, is the product of the preceding term and the common ratio, r.
a1, a1r, a1r2, …

3. Ex 1 Find r and the next three terms.
B. 2t – 10, -4t + 20, 8t – 40, …

4. Recursive formula for geometric sequences: an = an-1 x rn-1
The nth term of a geometric sequence is given by: an = a1rn-1

5. Ex 2 Find the 12th term of -24, 26.4, -29.04, …

6. Geometric sequences can model growth or decay.
For a common ratio greater than 1, a sequence may model growth. (compound interest, population growth, etc.)
For a positive common ratio less than 1, a sequence may model decay. (radioactive behavior and depreciation)

7. Ex 3
A new car costing $23,000 depreciates at the rate of 40% per year for four years. Find the value of the car at the end of four years.

8. Find a sequence that has two geometric means between 128 and 54.
The terms between any two nonconsecutive terms of a geometric sequence are called geometric means.
Find a sequence that has two geometric means between 128 and 54.

9. A geometric series is the sum of the terms of a geometric sequence.

10. Ex 4 find the sum of the first 8 terms of 14 – 70 + 350 – 1750 + …

11. Banks use compound interest to determine earnings in accounts or how much to charge for loans.

12. Ex 5
On April 1 of every year for 25 years, Jim deposits $2000 in an IRA which pays an APR of 10% compounded annually. If he makes no withdrawals, how much will he have in the account at the end of 25 years?