February 24, 2017

Homework Help: Math

Posted by Lizzie on Monday, May 7, 2012 at 2:16am.

In a financial deal, you are promised $800 the first day and each day after that you will receive 45% of the previous day's amount. When one day's amount drops below $1, you stop getting paid from that day on. What day is the first day you would receive no payment and what is your total income?

I am so confused about this problem. Could someone please show me the steps?

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