Consider the sequence whose nth term is given by
where P is the principal,
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
and
. 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
Correct Answer:
Verified
Q1: Determine the convergence or divergence of the
Q3: Write an expression for the nth term
Q4: Determine the convergence or divergence of the
Q5: If the rate of inflation is
Q6: Write the first five terms of the
Q7: A deposit of $225 is made at
Q8: Match the sequence with its graph.
Q9: Write the first three terms of the
Q10: Write the first five terms of the
Q11: Graph the sequence
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