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A person deposits $1,000 in an account that yields 9% interest compounded annually. Set up a recurrence relation for the amount in the account at
A person deposits $1,000 in an account that yields 9% interest compounded annually. Set up a recurrence relation for the amount in the account at the end of n years. Multiple Choice O an= an- 1+ 0.09 O an= 0.09an- 1 O an= an - 1+ 1.09 O an = 1.09an- 1
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Algebra 1, Volume 2
Authors: Edward B. Burger, Juli K. Dixon, Steven J. Leinwand, Timothy D. Kanold
Student Edition
0544368185, 978-0544368187
