Solve the problem.A financial planner predicts that a certain stock will increase in value 18% each year. Thus, the yearly stock values can be modeled by a geometric sequence whose common ratio r is 1.18. If the initial stock value was $29, write the first five terms of the sequence. Round to the nearest cent, if necessary.
A. $34.22, $40.38, $47.65, $56.22, $66.34
B. $29, $30.18, $31.36, $32.54, $33.72
C. $29, $40.38, $47.65, $56.22, $66.34
D. $29, $34.22, $40.38, $47.65, $56.22
Answer: D
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