Compound interest. Suppose $10.000 is deposited into an account that earns 6% interest compounded semiannually. The balance in the account after n compounding periods is given by the sequence. A n = 10 , 000 ( 1 + 0.06 2 ) π , n = 1 , 2 , 3 , ... Find the first six terms of this sequence. Find the balance in the account after 8 years.
Compound interest. Suppose $10.000 is deposited into an account that earns 6% interest compounded semiannually. The balance in the account after n compounding periods is given by the sequence. A n = 10 , 000 ( 1 + 0.06 2 ) π , n = 1 , 2 , 3 , ... Find the first six terms of this sequence. Find the balance in the account after 8 years.
Solution Summary: The author calculates the first six terms of the sequence by putting n=0 in the expression A_n=10,000(1+0.062)
Compound interest. Suppose $10.000 is deposited into an account that earns 6% interest compounded semiannually. The balance in the account after n compounding periods is given by the sequence.
A
n
=
10
,
000
(
1
+
0.06
2
)
π
,
n
=
1
,
2
,
3
,
...
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