Prove by induction that the $i$th Fibonacci number satisfies the equality: $$F_i = \frac {\phi^i - \hat\phi{}^i}{\sqrt5}$$ where $\phi$ is the golden ratio and $\hat\phi$ is its conjugate.
Thanks for the help. This is the first time I have dealt with the Fibonacci sequence and the first time I have used induction, so please be really explicit in your answers.