{"id":2066,"date":"2015-11-12T18:30:42","date_gmt":"2015-11-12T18:30:42","guid":{"rendered":"https:\/\/courses.candelalearning.com\/collegealgebra1xmaster\/?post_type=chapter&#038;p=2066"},"modified":"2015-11-12T18:30:42","modified_gmt":"2015-11-12T18:30:42","slug":"introduction-to-series-and-their-notations","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/chapter\/introduction-to-series-and-their-notations\/","title":{"raw":"Introduction to Series and Their Notations","rendered":"Introduction to Series and Their Notations"},"content":{"raw":"<div class=\"bcc-box bcc-highlight\">\n<h3>Learning Objectives<\/h3>\nBy the end of this section, you will be able to:\n<ul><li>Use summation notation.<\/li>\n\t<li>Use the formula for the sum of the \ufb01rst [latex]n[\/latex] terms of an arithmetic series.<\/li>\n\t<li>Use the formula for the sum of the \ufb01rst [latex]n[\/latex] terms of a geometric series.<\/li>\n\t<li>Use the formula for the sum of an in\ufb01nite geometric series.<\/li>\n\t<li>Solve annuity problems.<\/li>\n<\/ul><\/div>\nA couple decides to start a college fund for their daughter. They plan to invest $50 in the fund each month. The fund pays 6% annual interest, compounded monthly. How much money will they have saved when their daughter is ready to start college in 6 years? In this section, we will learn how to answer this question. To do so, we need to consider the amount of money invested and the amount of interest earned.","rendered":"<div class=\"bcc-box bcc-highlight\">\n<h3>Learning Objectives<\/h3>\n<p>By the end of this section, you will be able to:<\/p>\n<ul>\n<li>Use summation notation.<\/li>\n<li>Use the formula for the sum of the \ufb01rst [latex]n[\/latex] terms of an arithmetic series.<\/li>\n<li>Use the formula for the sum of the \ufb01rst [latex]n[\/latex] terms of a geometric series.<\/li>\n<li>Use the formula for the sum of an in\ufb01nite geometric series.<\/li>\n<li>Solve annuity problems.<\/li>\n<\/ul>\n<\/div>\n<p>A couple decides to start a college fund for their daughter. They plan to invest $50 in the fund each month. The fund pays 6% annual interest, compounded monthly. How much money will they have saved when their daughter is ready to start college in 6 years? In this section, we will learn how to answer this question. To do so, we need to consider the amount of money invested and the amount of interest earned.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-2066\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Specific attribution<\/div><ul class=\"citation-list\"><li>Precalculus. <strong>Authored by<\/strong>: OpenStax College. <strong>Provided by<\/strong>: OpenStax. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/cnx.org\/contents\/fd53eae1-fa23-47c7-bb1b-972349835c3c@5.175:1\/Preface\">http:\/\/cnx.org\/contents\/fd53eae1-fa23-47c7-bb1b-972349835c3c@5.175:1\/Preface<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":276,"menu_order":1,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc-attribution\",\"description\":\"Precalculus\",\"author\":\"OpenStax College\",\"organization\":\"OpenStax\",\"url\":\"http:\/\/cnx.org\/contents\/fd53eae1-fa23-47c7-bb1b-972349835c3c@5.175:1\/Preface\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-2066","chapter","type-chapter","status-publish","hentry"],"part":2065,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/2066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/wp\/v2\/users\/276"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/2066\/revisions"}],"predecessor-version":[{"id":2155,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/2066\/revisions\/2155"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/parts\/2065"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/2066\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/wp\/v2\/media?parent=2066"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapter-type?post=2066"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/wp\/v2\/contributor?post=2066"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/wp\/v2\/license?post=2066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}