haleygreene4311 haleygreene4311

29-04-2024
Business

Answered

Assume that a person invests $2000 at 14 percent interest compounded annually. Let An represent the amount at the end of n years.
a. Find a recurrence relation for the sequence A0, A1,.... b. Find an initial condition for the sequence A0, A1,....
c. Find an explicit formula for An.
d. How long will it take for a person to double the initial investment?

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