Mathematics, 22.08.2020 16:01 MIAkwicc39
A deposit of $200 is made in an account at the beginning of each month at an annual interest rate of 3% compounded monthly. The balance in the account after n months is An = 200(401)(1.0025n ? 1).(Round your answers to two decimal places.)
(a) Compute the first six terms of the sequence {An}.
A1 = $
A2 = $
A3 = $
A4 = $
A5 = $
A6 = $
(b) Find the balance in the account after 5 years by computing the 60th term of the sequence.
A60 =
(c) Find the balance in the account after 15 years by computing the 180th term of the sequence.
A180 =
Answers: 1
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