Mathematics, 02.08.2021 18:50 thebigman7993
9. A deposit of $100,000 is made to an investment fund at the beginning of a year. On the last day of each year two dividends are awarded. The first dividend is 20% of the amount in the account during that year. The second divi- dend is 45% ofthe amount in the account in the previous year.
a) Find a recurrence relation for {Pnl, where Pn is the amount in the account at the end ofn years ifno money is ever withdrawn.
b) has been withdrawn?
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9. A deposit of $100,000 is made to an investment fund at the beginning of a year. On the last day o...
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