If $2,000 is invested at 5% interest, compounded annually, then after n years the investment is worth an=2,000(1,05)n dollars. (a) Find the first five terms of the sequence {an}.

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12-07-2024
Mathematics

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If $2,000 is invested at 5% interest, compounded annually, then after n years the investment is worth an=2,000(1,05)n dollars. (a) Find the first five terms of the sequence {an}.

Sagot :

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If $2,000 is invested at 5% interest, compounded annually, then after n years the investment is worth an​=2,000(1,05)n dollars. (a) Find the first five terms of the sequence {an​}.

Sagot :

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If $2,000 is invested at 5% interest, compounded annually, then after n years the investment is worth an=2,000(1,05)n dollars. (a) Find the first five terms of the sequence {an}.