Question: [ - / 0 . 0 6 Points ] 0 / 1 0 0 Submissions Used SCalcert 9 1 1 . 1 . If $

[-/0.06 Points]
0/100 Submissions Used
SCalcert911.1.
If $4,000 is invested at 6% interest, compounded annually, then after n years the investment is worth an=4,000(1.06)n dollars.
(a) Find the first five terms of the sequence {an}.(Round vour answers to the nearest cent.)
a1=$
a2=$
a3=$
a4=$
a5=$
(b) Is the sequence convergent or divergent?
convergent.
divergent
Need Help?
[ - / 0 . 0 6 Points ] 0 / 1 0 0 Submissions Used

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!