I have to show that $\sum_{i=1}^{\infty} \frac{A}{(1+r)^i} = \frac{A}{r}$. Where $ -1 < r < 1$. I tried putting it like: $$\sum_{i=1}^{\infty} \frac{A}{(1+r)^i} = \frac{A}{r+1} + \sum_{i=2}^{\infty} \frac{A}{(1+r)^i}$$ However I don't know how to continue from here on. This is not a duplicate, most other questions require $|1+r|>1$ which is not necessarily the case here. I would be very grateful if you could help me out or give me pointers how to solve this!
Asked
Active
Viewed 75 times
-1
-
See https://en.wikipedia.org/wiki/Geometric_progression#Infinite_geometric_series – lab bhattacharjee Sep 21 '15 at 07:55
-
Defining $x=\frac 1 {1+r}$ would make life easier (I guess). – Claude Leibovici Sep 21 '15 at 07:59
-
2That requires $|1+r|$ to be smaller than 1, which is not always the case here. – Jan Sep 21 '15 at 08:01
-
1"This is not a duplicate, most other questions require |1+r|>1 which is not necessarily the case here." Indeed, the fact that you are not requiring $|1+r|>1$ makes the question absurd rather than a dup. Say $r=-1/2$, then $1/(1+r)^i=2^i$ and what would be the sum of the series $\sum A2^i$? – Did Sep 21 '15 at 08:12
2 Answers
2
Hint:
Multiply the sum by $\dfrac1{1+r}$. You get
$$\sum_{i=1}^{\infty} \frac{A}{(1+r)^{i+1}}=\sum_{i=2}^{\infty} \frac{A}{(1+r)^i}. $$
Then add $\dfrac A{1+r}$, and you are back to where you started from
$$\sum_{i=1}^{\infty} \frac{A}{(1+r)^i}.$$
So if the series converges $$\frac S{1+r}+\frac A{1+r}=S.$$
1
What if you put out the $A$ term of your serie? Indeed, it doesn't depend on $i$. Thus, you may recognize a convergent serie as $\frac{1}{(1+r)^i} < 1$. What do you know about the value of $\sum q^i$ where $q < 1$?

yarmenti
- 375
-
-
Yes, I didn't check the value of $r$. But it seems to be a discounting cashflow in financial engineering. :) – yarmenti Sep 21 '15 at 08:05