A deposit of $10,000 is made in an account that earns 8% interest compounded quarterly. The balance

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A deposit of $10,000 is made in an account that earns 8% interest compounded quarterly. The balance in the account after n quarters is given by the sequence

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College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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Question Posted: Jun 21, 2023 08:19 AM

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A deposit of $10,000 is made in an account that earns 8% interest compounded quarterly. The balance

Question:

an n 10,000(1; 0.08)". 4 n = 1, 2, 3, ....

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008 4 an 10000 1 n ...View the full answer

College Algebra

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