A deposit of $300 is made at the beginning of each month for Byears in an acount Page 34% interst, compounded monthly. The balance B in te account at the of 3 years (36 months) is B= (300) (1+ 0-024 36 It 12 + 300 (14 0024 300 (1+6-02ų + --- 12

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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A deposit of $300 is made at the beginning of each month for Byears in an acount that
pays
mg 3.4% interst, compounded monthly. The balan ce B in the account at the oa
of 3 years (36 months) is
B= (300) (1+ ) * 200 (1+ De
0-024
36
0-024
300(1+
12
12
a). Use sigmu notation to write the balance in the accont at He end of 3 years
b) Find the balance in
n te account at te end of 3 years
o when the
number of yens
(hence months) goer to infinity , write He infrie series
and determine whether the series diverges or converger.
d) Specify which test
d):
you used in part c.
Transcribed Image Text:A deposit of $300 is made at the beginning of each month for Byears in an acount that pays mg 3.4% interst, compounded monthly. The balan ce B in the account at the oa of 3 years (36 months) is B= (300) (1+ ) * 200 (1+ De 0-024 36 0-024 300(1+ 12 12 a). Use sigmu notation to write the balance in the accont at He end of 3 years b) Find the balance in n te account at te end of 3 years o when the number of yens (hence months) goer to infinity , write He infrie series and determine whether the series diverges or converger. d) Specify which test d): you used in part c.
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