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Mathematics, 24.10.2019 01:00 infoneetusinghoyg22o

Tim deposits money in a certificate of deposit account. the balance (in dollars) in his account t years after making
the deposit is given by t(t) = 1000(1.06)t for t ≥ 0
b. by what percent does the value of t(t) grow each year? explain by writing a recursive formula for the
sequence t(1), t(2), t(3), etc.

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