Answer:
A
Step-by-step explanation:
The sequence of payment is geometric , that is
1, 3, 9, ...
The sum to n terms of a geometric sequence is
[tex]S_{n}[/tex] = [tex]\frac{a(r^{n}-1) }{r-1}[/tex]
where a is the first term and r the common ratio
Here a = 1 and r = 3 ÷ 1 = 3 , then
[tex]S_{15}[/tex] = [tex]\frac{1(3^{15}-1) }{3-1}[/tex] = [tex]\frac{14348907-1}{2}[/tex] = [tex]\frac{14348906}{2}[/tex] = 7174453 cents and
7174453 ÷ 100 = $71,744.53 → A
