{"id":2074,"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=2074"},"modified":"2015-11-12T18:30:42","modified_gmt":"2015-11-12T18:30:42","slug":"key-concepts-glossary-17","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/chapter\/key-concepts-glossary-17\/","title":{"raw":"Key Concepts &amp; Glossary","rendered":"Key Concepts &amp; Glossary"},"content":{"raw":"<h2>Key Equations<\/h2>\n<table><tbody><tr><td>sum of the first [latex]n[\/latex]\nterms of an arithmetic series<\/td>\n<td>[latex]{S}_{n}=\\frac{n\\left({a}_{1}+{a}_{n}\\right)}{2}[\/latex]<\/td>\n<\/tr><tr><td>sum of the first [latex]n[\/latex]\nterms of a geometric series<\/td>\n<td>[latex]{S}_{n}=\\frac{{a}_{1}\\left(1-{r}^{n}\\right)}{1-r}\\cdot r\\ne 1[\/latex]<\/td>\n<\/tr><tr><td>sum of an infinite geometric series with [latex]-1&lt;r&lt;\\text{ }1[\/latex]<\/td>\n<td>[latex]{S}_{n}=\\frac{{a}_{1}}{1-r}\\cdot r\\ne 1[\/latex]<\/td>\n<\/tr><\/tbody><\/table><h2>Key Concepts<\/h2>\n<ul><li>The sum of the terms in a sequence is called a series.<\/li>\n\t<li>A common notation for series is called summation notation, which uses the Greek letter sigma to represent the sum.<\/li>\n\t<li>The sum of the terms in an arithmetic sequence is called an arithmetic series.<\/li>\n\t<li>The sum of the first [latex]n[\/latex] terms of an arithmetic series can be found using a formula.<\/li>\n\t<li>The sum of the terms in a geometric sequence is called a geometric series.<\/li>\n\t<li>The sum of the first [latex]n[\/latex] terms of a geometric series can be found using a formula.<\/li>\n\t<li>The sum of an infinite series exists if the series is geometric with [latex]-1&lt;r&lt;1[\/latex].<\/li>\n\t<li>If the sum of an infinite series exists, it can be found using a formula.<\/li>\n\t<li>An annuity is an account into which the investor makes a series of regularly scheduled payments. The value of an annuity can be found using geometric series.<\/li>\n<\/ul><h2>Glossary<\/h2>\n<dl id=\"fs-id1165137726792\" class=\"definition\"><dt>annuity<\/dt><dd id=\"fs-id1165137726797\">an investment in which the purchaser makes a sequence of periodic, equal payments<\/dd><\/dl><dl id=\"fs-id1165137726801\" class=\"definition\"><dt>arithmetic series<\/dt><dd id=\"fs-id1165137726806\">the sum of the terms in an arithmetic sequence<\/dd><\/dl><dl id=\"fs-id1165137726811\" class=\"definition\"><dt>diverge<\/dt><dd id=\"fs-id1165134031382\">a series is said to diverge if the sum is not a real number<\/dd><\/dl><dl id=\"fs-id1165134031386\" class=\"definition\"><dt>geometric series<\/dt><dd id=\"fs-id1165134031391\">the sum of the terms in a geometric sequence<\/dd><\/dl><dl id=\"fs-id1165134031396\" class=\"definition\"><dt>index of summation<\/dt><dd id=\"fs-id1165134031401\">in summation notation, the variable used in the explicit formula for the terms of a series and written below the sigma with the lower limit of summation<\/dd><\/dl><dl id=\"fs-id1165137737862\" class=\"definition\"><dt>infinite series<\/dt><dd id=\"fs-id1165137737867\">the sum of the terms in an infinite sequence<\/dd><\/dl><dl id=\"fs-id1165137737872\" class=\"definition\"><dt>lower limit of summation<\/dt><dd id=\"fs-id1165137737877\">the number used in the explicit formula to find the first term in a series<\/dd><\/dl><dl id=\"fs-id1165137737881\" class=\"definition\"><dt>nth partial sum<\/dt><dd id=\"fs-id1165135471113\">the sum of the first [latex]n[\/latex] terms of a sequence<\/dd><\/dl><dl id=\"fs-id1165135471124\" class=\"definition\"><dt>series<\/dt><dd id=\"fs-id1165135471129\">the sum of the terms in a sequence<\/dd><\/dl><dl id=\"fs-id1165135471133\" class=\"definition\"><dt>summation notation<\/dt><dd id=\"fs-id1165135471138\">a notation for series using the Greek letter sigma; it includes an explicit formula and specifies the first and last terms in the series<\/dd><\/dl><dl id=\"fs-id1165137762744\" class=\"definition\"><dt>upper limit of summation<\/dt><dd id=\"fs-id1165137762749\">the number used in the explicit formula to find the last term in a series<\/dd><\/dl>\u00a0","rendered":"<h2>Key Equations<\/h2>\n<table>\n<tbody>\n<tr>\n<td>sum of the first [latex]n[\/latex]<br \/>\nterms of an arithmetic series<\/td>\n<td>[latex]{S}_{n}=\\frac{n\\left({a}_{1}+{a}_{n}\\right)}{2}[\/latex]<\/td>\n<\/tr>\n<tr>\n<td>sum of the first [latex]n[\/latex]<br \/>\nterms of a geometric series<\/td>\n<td>[latex]{S}_{n}=\\frac{{a}_{1}\\left(1-{r}^{n}\\right)}{1-r}\\cdot r\\ne 1[\/latex]<\/td>\n<\/tr>\n<tr>\n<td>sum of an infinite geometric series with [latex]-1<r<\\text{ }1[\/latex]<\/td>\n<td>[latex]{S}_{n}=\\frac{{a}_{1}}{1-r}\\cdot r\\ne 1[\/latex]<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Key Concepts<\/h2>\n<ul>\n<li>The sum of the terms in a sequence is called a series.<\/li>\n<li>A common notation for series is called summation notation, which uses the Greek letter sigma to represent the sum.<\/li>\n<li>The sum of the terms in an arithmetic sequence is called an arithmetic series.<\/li>\n<li>The sum of the first [latex]n[\/latex] terms of an arithmetic series can be found using a formula.<\/li>\n<li>The sum of the terms in a geometric sequence is called a geometric series.<\/li>\n<li>The sum of the first [latex]n[\/latex] terms of a geometric series can be found using a formula.<\/li>\n<li>The sum of an infinite series exists if the series is geometric with [latex]-1<r<1[\/latex].<\/li>\n<li>If the sum of an infinite series exists, it can be found using a formula.<\/li>\n<li>An annuity is an account into which the investor makes a series of regularly scheduled payments. The value of an annuity can be found using geometric series.<\/li>\n<\/ul>\n<h2>Glossary<\/h2>\n<dl id=\"fs-id1165137726792\" class=\"definition\">\n<dt>annuity<\/dt>\n<dd id=\"fs-id1165137726797\">an investment in which the purchaser makes a sequence of periodic, equal payments<\/dd>\n<\/dl>\n<dl id=\"fs-id1165137726801\" class=\"definition\">\n<dt>arithmetic series<\/dt>\n<dd id=\"fs-id1165137726806\">the sum of the terms in an arithmetic sequence<\/dd>\n<\/dl>\n<dl id=\"fs-id1165137726811\" class=\"definition\">\n<dt>diverge<\/dt>\n<dd id=\"fs-id1165134031382\">a series is said to diverge if the sum is not a real number<\/dd>\n<\/dl>\n<dl id=\"fs-id1165134031386\" class=\"definition\">\n<dt>geometric series<\/dt>\n<dd id=\"fs-id1165134031391\">the sum of the terms in a geometric sequence<\/dd>\n<\/dl>\n<dl id=\"fs-id1165134031396\" class=\"definition\">\n<dt>index of summation<\/dt>\n<dd id=\"fs-id1165134031401\">in summation notation, the variable used in the explicit formula for the terms of a series and written below the sigma with the lower limit of summation<\/dd>\n<\/dl>\n<dl id=\"fs-id1165137737862\" class=\"definition\">\n<dt>infinite series<\/dt>\n<dd id=\"fs-id1165137737867\">the sum of the terms in an infinite sequence<\/dd>\n<\/dl>\n<dl id=\"fs-id1165137737872\" class=\"definition\">\n<dt>lower limit of summation<\/dt>\n<dd id=\"fs-id1165137737877\">the number used in the explicit formula to find the first term in a series<\/dd>\n<\/dl>\n<dl id=\"fs-id1165137737881\" class=\"definition\">\n<dt>nth partial sum<\/dt>\n<dd id=\"fs-id1165135471113\">the sum of the first [latex]n[\/latex] terms of a sequence<\/dd>\n<\/dl>\n<dl id=\"fs-id1165135471124\" class=\"definition\">\n<dt>series<\/dt>\n<dd id=\"fs-id1165135471129\">the sum of the terms in a sequence<\/dd>\n<\/dl>\n<dl id=\"fs-id1165135471133\" class=\"definition\">\n<dt>summation notation<\/dt>\n<dd id=\"fs-id1165135471138\">a notation for series using the Greek letter sigma; it includes an explicit formula and specifies the first and last terms in the series<\/dd>\n<\/dl>\n<dl id=\"fs-id1165137762744\" class=\"definition\">\n<dt>upper limit of summation<\/dt>\n<dd id=\"fs-id1165137762749\">the number used in the explicit formula to find the last term in a series<\/dd>\n<\/dl>\n<p>\u00a0<\/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-2074\">\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":7,"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-2074","chapter","type-chapter","status-publish","hentry"],"part":2065,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/2074","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\/2074\/revisions"}],"predecessor-version":[{"id":2161,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/2074\/revisions\/2161"}],"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\/2074\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/wp\/v2\/media?parent=2074"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/pressbooks\/v2\/chapter-type?post=2074"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/wp\/v2\/contributor?post=2074"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/odessa-collegealgebra\/wp-json\/wp\/v2\/license?post=2074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}