The table below shows investment balances over time. a. Write a recursive formula that generates the balances
Question:
a. Write a recursive formula that generates the balances in the table.
b. What is the annual interest rate?
c. How many years will it take before the original deposit triples in value?
Transcribed Image Text:
Elapsed time lyr) Balance (S) 2000 2170 2354.45 2554.58
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a u 0 2000 and u n 1 0085u n1 where n 1 ...View the full answer
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Devansh Dwivedi
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Related Book For
Discovering Advanced Algebra An Investigative Approach
ISBN: 978-1559539845
1st edition
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke
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