Consider the sequence (An) whose nth term is given by An $= P \left[ 1 + \frac { r } { 12 } \right] ^ { n }$ where P is the principal, An is the amount of compound interest after n months, and r is the annual percentage rate. Write the first four terms of the sequence for P = $\$$ 8,000 and r = 0.04. Round your answer to two decimal places.
A)8026.67, 8063.49, 8101.43, 8107.20
B)8027.67, 8063.49, 8101.43, 8135.19
C)8026.67, 8053.42, 8080.27, 8107.20
D)8027.67, 8063.49, 8080.27, 8107.20
E)8027.67, 8053.42, 8080.27, 8135.19

Question

Quizplus · Accepted Answer

The Answer of Consider the sequence (An) whose nth term is given by An $= P \left[ 1 + \frac { r } { 12 } \right] ^ { n }$ where P is the principal, An is the amount of compound interest after n months, and r is the annual percentage rate. Write the first four terms of the sequence for P = $\$$ 8,000 and r = 0.04. Round your answer to two decimal places.
A)8026.67, 8063.49, 8101.43, 8107.20
B)8027.67, 8063.49, 8101.43, 8135.19
C)8026.67, 8053.42, 8080.27, 8107.20
D)8027.67, 8063.49, 8080.27, 8107.20
E)8027.67, 8053.42, 8080.27, 8135.19

Consider the Sequence (An) Whose Nth Term Is Given by An =