Derive and use the finite geometric series formula to solve problems such as mortgage-payment models.
Decode and evaluate a finite geometric sigma sum
Problem
Decode and evaluate \(\sum_{k=0}^{5}\) \(3\cdot~2^k\). State the term count, first term, ratio, last term, finite-series formula, and sum.
Big Picture
What this problem is really about
Decode sigma notation before applying a sum formula. Evaluate the summand at the lower bound for the first term, increase the index once to see the ratio, and count integer indices inclusively from lower to upper bound. Evaluating the final indexed term provides a quick check that the term count and exponent range agree.
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