Answer
$a_n= 45,000 (1.035)^{n-1}$
Work Step by Step
The general formula for the nth term of a geometric series is given by $a_n= a_1r^{n-1}$ ...(1)
The ratio of the successive terms is $r=1.035$
and $a_1=45,000$
Equation (1) gives: $a_n= 45,000 \times (1.035)^{n-1}$
Hence, $a_n= 45,000 (1.035)^{n-1}$
