An invcs1or opened a savings accoum on March I with an

Chapter , Problem 88

(choose chapter or problem)

An invcs1or opened a savings accoum on March I with an inillal depo>~t of $5000. Each year thereafrer. he added $2000 10 the account on March I. If the account cam> 1ntcres1 al the rare of 6'k per )Car. find a formula for the value of this account after 11 years. Hmt: Use Exercise 87(c)

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