A deposit of $10,000 is made in an account that earns 8% interest compounded quarterly. The balance
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A deposit of $10,000 is made in an account that earns 8% interest compounded quarterly. The balance in the account after n quarters is given by the sequence
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an n 10,000(1; 0.08)". 4 n = 1, 2, 3, ....
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