If $1000 is invested at 6% interest, compounded annually, then after years the investment is worth an

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If $1000 is invested at 6% interest, compounded annually, then after years the investment is worth an = 1000(1.06)n dollars.
(a) Find the first five terms of the sequence {an}.
(b) Is the sequence convergent or divergent? Explain.

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Calculus Early Transcendentals

ISBN: 978-0538497909

7th edition

Authors: James Stewart

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Question Posted: Jul 10, 2010 01:13 AM

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If $1000 is invested at 6% interest, compounded annually, then after years the investment is worth an

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a an 1000106 a 1060 a2 11236...View the full answer

Calculus Early Transcendentals

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