Mathematics, 07.08.2019 15:10 kemellgwilson

7. the following recurrence relation can be used to model a compound interest
investment of $3000, paying interest at the rate of 11% per annum.
vo = 2000, vo+1 = 1.09v
after how many years will the value of the investment first exceed $6000?
a7
в 8
с 9
d 10
e 11

Answers: 1

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7. the following recurrence relation can be used to model a compound interest
investment of $3...