Answer
$\$ 2,323, 020.48$
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: $a_5= 45,000 \times (1.035)^{5-1}=\$ 51, 638.54 =-\$ 51, 638.54$
We know that $S_{n}=a_1(\dfrac{1-r^{n}}{1-r})$
Now, $S_{30}=45000 \times (\dfrac{1-(1.035)^{30}}{1-1.035})$
Hence, $S_{30}=\$ 2,323, 020.48$
