The document discusses arithmetic sequences and series and provides two examples of how they can be used to solve real-life problems. In the first example, $2,000,000 is distributed among six people with each subsequent person receiving $50,000 less. Using the formula for arithmetic sequences, the amount each person receives is calculated. In the second example, a person saves $150 in the first week and increases their savings by $10 each subsequent week. The formula is again used to determine how much they will have saved after one year.