Suppose that $1000 is invested at 6.2%, compounded annually. The value of the investment after n years
Question:
an = $100011.0622n, n = 1, 2, 3, c.
a) Find the first 10 terms of the sequence.
b) Find the value of the investment after 20 years.
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a a 1 10001062 1 1062 a 2 10001062 2 112784 a 3 100010...View the full answer
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Related Book For 
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
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