Suppose that $4000 is invested at 3.75%, compounded annually. The value of the investment after n years
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Suppose that $4000 is invested at 3.75%, compounded annually. The value of the investment after n years is given by the sequence an = $4000(1.0375)n, n = 1, 2, 3, .....
a) Find the first 10 terms of the sequence.
b) Find the value of the investment after 20 years.
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Related Book For
Algebra And Trigonometry Graphs And Models
ISBN: 9780134179049
6th Edition
Authors: Marvin Bittinger, Judith Beecher, David Ellenbogen, Judith Penna
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