Hello!
I was just wondering for Series Application questions, particularly time repayments and the like, which steps of working to we ALWAYS have to include? I have lost marks for omitting steps in the past and I want to make sure it doesn't happen again.
Thanks in advance.
1. Establishing the very first case \(A_1\)
2. Explicitly showing a pattern beginning to form in \(A_2\). Some computations should be kept there -
do not assume the pattern, prove it.
3. Show how a rearrangement of the terms demonstrates the same pattern in \(A_3\). (Recommended: Keep the explicit computations, but I'm not sure how markers care about this)
4. Only after you've made the pattern explicit in the first three cases, can you jump straight to the n-th case.
5. Mention the first term and common ratio of your geometric series
6. Fair game
Also step 0: Make clear what your appropriate interest rate is, based off the compounding frequency.