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A person deposits $1000 in an account that yields 9% interest compounded annually. a) Set up a recurrence relation for the amount in the

 

A person deposits $1000 in an account that yields 9% interest compounded annually. a) Set up a recurrence relation for the amount in the account at the end of n years. b) Find an explicit formula for the amount in the account at the end of n years. c) How much money will the account contain after 100 years?

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