$\text { Consider the sequence } \left\{ A _ { n } \right\} \text { whose } n \text {th term is given by } A _ { n } = P \left( 1 + \frac { r } { 12 } \right) ^ { n } \text { where }$ $P$ is the principal, $A _ { n }$ is the account balance in dollars after $n$ months, and $r$ is the interest rate compounded annually. Find the fourth term of the sequence if $P = \$ 9,000$ and $r = 0.065$. Round your answer to two decimal places.
A) $\$ 9,296.08$
B) $\$ 9,599.41$
C) $\$ 9,396.38$
D) $\$ 9,196.59$
E) $\$ 9,236.29$

Question

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The Answer of $\text { Consider the sequence } \left\{ A _ { n } \right\} \text { whose } n \text {th term is given by } A _ { n } = P \left( 1 + \frac { r } { 12 } \right) ^ { n } \text { where }$ $P$ is the principal, $A _ { n }$ is the account balance in dollars after $n$ months, and $r$ is the interest rate compounded annually. Find the fourth term of the sequence if $P = \$ 9,000$ and $r = 0.065$. Round your answer to two decimal places.
A) $\$ 9,296.08$
B) $\$ 9,599.41$
C) $\$ 9,396.38$
D) $\$ 9,196.59$
E) $\$ 9,236.29$

PPP Is the Principal AnA _ { n }An​ Is the Account Balance in Dollars After

$P$ Is the Principal $A _ { n }$ Is the Account Balance in Dollars After