Mathematics, 20.03.2020 08:41 2alshawe201

If you deposit $100 at the end of every month into an account that pays 3% interest per year compounded monthly, the amount of interest accumulated after n months is given by the sequence In = 100 1.0025n − 1 0.0025 − n Find the first six terms of this sequence, and find how much interest you will have earned after two years.

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If you deposit $100 at the end of every month into an account that pays 3% interest per year compoun...