Is the solution to this power series correct?

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Find all z for which the series

∑(in)$^2$z$^n$ converges.

Using the ratio test I got |z| < 1

And it diverges if |z|=1

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What you did is fine. The only thing that needs to be added to it is that, since it diverges when $|z|=1$, it also diverges when $|z|\geqslant1$. Of course, you can also deduce from the ratio test that the series diverges when $|z|>1$.