Question: Consider the sequence {A n } whose nth term is given by where P is the principal, A n is the account balance after n

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


= P(1 + 12 ) A =


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.

= P(1 + 12 ) A =

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