Mathematics: You invest $2000 in an account that pays 2.7% interest compunded annually. if you make no payments into the account, what will the balance of the account be in 10 years? .suppose you establish the same account, but the interest compounds monthly. what would your balance be in 10 years?

ANSWERThe explicit formula that defines the sequence is EXPLANATIONThe given sequence is The first term of this sequence is We can find the common ratio by expressing a subsequent term over a previous term and simplifying it.The common ratio isThe formula for finding the nth term of the given geometric sequence is given by,We now substitute the value of the first term and the common ratio in to the above formula to obtain,The correct answer is option D....

You invest $2000 in an account that pays 2.7% interest

Ответ:

QueensQueens

15.01.2022

Mathematics

Annually: 2,610.56

Monthly: 2,619.13

Step-by-step explanation:

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Ответ:

natalie2sheffield

03.03.2022

Mathematics

ANSWER

The explicit formula that defines the sequence is
$f(n) = 3 ( \frac{1}{3} ) ^{n - 1}$

EXPLANATION

The given sequence is
$3,1, \frac{1}{3} , \frac{2}{9} ,...$

The first term of this sequence is
a = 3

We can find the common ratio by expressing a subsequent term over a previous term and simplifying it.

The common ratio is
$r = \frac{1}{3}$

The formula for finding the nth term of the given geometric sequence is given by,

$f(n) = a {r}^{n - 1}$

We now substitute the value of the first term and the common ratio in to the above formula to obtain,

$f(n) = 3( \frac{1}{3} )^{n - 1}$

The correct answer is option D.

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You invest $2000 in an account that pays 2.7% interest compunded annually. if you make no payments into the account, what will the balance of the account be in 10 years? .

suppose you establish the same account, but the interest compounds monthly. what would your balance be in 10 years?

Ответ:

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