An investor deposits $10,000 in an account that earns 2.25% interest compounded monthly. The balance in the

Question:

An investor deposits $10,000 in an account that earns 2.25% interest compounded monthly. The balance in the account after n months is given by
An = 10,000 (1 + 0.0225/12)n n = 1, 2, 3, . . . .
(a) Write the first 10 terms of the sequence.
(b) Find the balance in the account after 10 years by computing the 120th term of the sequence.