Roberta had $1525 in a savings account 2 years ago. What will be the valueof her account

Chapter 1, Problem 35

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Roberta had $1525 in a savings account 2 years ago. What will be the valueof her account 1 year from now, assuming that no deposits or withdrawalsare made and the account earns 6.9% interest compounded annually? Findthe solution using both a recursive and an explicit formula.

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