Consider the sequence {A n } whose nth term is given by where P is the principal,

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Consider the sequence {An} whose nth term is given by


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where P is the principal, An is the account balance after n months, and r is the interest rate compounded annually.


(a) Is {An} a convergent sequence? Explain.


(b) Find the first 10 terms of the sequence when P = $10,000 and r = 0.055.

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Calculus Of A Single Variable

ISBN: 9781337275361

11th Edition

Authors: Ron Larson, Bruce H. Edwards

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