The value of πPhone stock has increased 8% each year for the past several years. In 2020, the stock was worth $85. What will the stock be worth in 7 years? What was the stock worth in 2016? Equation: 7 years from now? in 2016?

What is the sum of the geometric series in which a1 = 7, r = 3, and an = 1,701? hint: cap s sub n equals start fraction a sub one left parenthesis one minus r to the power of n end power right parenthesis over one minus r end fraction comma r ≠ 1, where a1 is the first term and r is the common ratio