Investing with Lotta Cash (continued) Name 4 a Use the data and procedure from problem 3 to complete the following table Record only the fourth- quarter results for each year Yea1 234 5 6 8 Amount in account at end of fourth 2081.21 quarter of b. What is the account balance on Lotta's seventeenth birthday? c. What is the account balance on her twentieth birthday? d. Describe the computations that you used in completing the table e. Use your answer to part 4(d) to help you write a recursive formula for the account balance at the end of year n 5, Suppose that Lotta Cash decides to deposit her $2000 in a bank that pays interest at the rate of 4% each year, and the yearly interest compounds daily-that is, Lotta receives interest at the rate of 365 times per year. a. Complete the following table. Record only the account balance for the 365th day of each year in the 365 table 2 3 6 7 8 Year n Amount in account after 365th payment at end of year 2081.62 b. What is the account balance on Lotta's seventeenth birthday? c. What is the account balance on her twentieth birthday? d. Describe how you completed the table. e Use part 5d) to write an explicit formula for the account balance at the end of year n. Navigating through Dscrete Mathematics in Grades 6-12