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Mathematics, 10.09.2021 23:00 conner87

PLEASE HELP!!! Dante deposited $7,500 into an account with an annual interest rate of 5%, compounded annually. He
plans to leave the money in the account for 16 years. What will his balance be at the end of the 16th year? I think it need to written in recursive formula.

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PLEASE HELP!!! Dante deposited $7,500 into an account with an annual interest rate of 5%, compound...

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