document.write( "Question 757682: You will receive $1500 on the first day. Every day after this your payment gets cut in half. You will receive payments every day for the rest of your life \n" ); document.write( "
Algebra.Com's Answer #460980 by jim_thompson5910(35256)\"\" \"About 
You can put this solution on YOUR website!
This is a geometric sequence: 1500, 750, 375, 187.5, ...\r
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\n" ); document.write( "\n" ); document.write( "First term: a = 1500\r
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\n" ); document.write( "\n" ); document.write( "Common Ratio: r = 1/2\r
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\n" ); document.write( "\n" ); document.write( "Sum of Infinite Series\r
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\n" ); document.write( "\n" ); document.write( "S = a/(1-r) = 1500/(1-1/2) = 3000\r
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\n" ); document.write( "\n" ); document.write( "So you will receive a total of 3000 dollars over the course of your lifetime.
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