Wendy is 18 and would like to buy a house when she is 32. What is the discount factor for today’s prices if the housing value increases 9% per year

you answer is a

step-by-step explanation:

hi there!

the answer will be d: 2

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for