Aykut decides to save money by depositing $100 in a bank account. The savings earns an annual interest rate of 7 percent for 5 years. Identify the first term for the geometric series. (1 point)

Question

The first term is
.

Answer 1

In this scenario, Aykut is depositing $100, and this amount can be considered the first term of the geometric series representing his savings over time with annual interest.

Therefore, the first term of the geometric series is:

$100

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