The table below shows investment balances over time. a. Write a recursive formula that generates the balances

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The table below shows investment balances over time.

a. Write a recursive formula that generates the balances in the table.
b. What is the annual interest rate?
c. How many years will it take before the original deposit triples in value?

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Discovering Advanced Algebra An Investigative Approach

ISBN: 978-1559539845

1st edition

Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke

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Question Posted: May 17, 2016 06:24 AM

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The table below shows investment balances over time. a. Write a recursive formula that generates the balances

Question:

Elapsed time lyr) Balance (S) 2000 2170 2354.45 2554.58

Step by Step Answer:

a u 0 2000 and u n 1 0085u n1 where n 1 ...View the full answer

Discovering Advanced Algebra An Investigative Approach

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