Compound Interest Helen deposits $100 at the end of eachmonth into an account that pays
Chapter 12, Problem 78(choose chapter or problem)
Compound Interest Helen deposits $100 at the end of eachmonth into an account that pays 6% interest per year compoundedmonthly. The amount of interest she has accumulatedafter n months is given byIn 100 a1.005n 10.005 n b(a) Find the first six terms of the sequence.(b) Find the interest she has accumulated after 5 years.
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