Suppose that you make deposits of $500 at the beginning of every year into an Individual Retirement
Question:
(a) Verify that the value of the account at the beginning of the third year is T(r) = 500r2 + 1500r + 1500.
(b) The account value at the beginning of the fourth year is F(r) = 500r3 + 2000r2 + 3000r + 2000. If the annual rate of interest is 5% = 0.05, what will be the value of the account at the beginning of the fourth year?
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