Question: Use difference equations to answer the question. 1. Compound Interest Calculate the future value of $1000 after 2 years if deposited at 2.1% interest compounded

Use difference equations to answer the question.
1. Calculate the of $1000 after 2 years if deposited at 2.1% interest compounded monthly.
2. Calculate the of $3000 after 4 years if deposited at 2.1% interest compounded monthly.

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1 Based on the information given y n 100175y n1 when y 0 1000 Therefore the difference ... View full answer

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