Individual Retirement Account A deposit of $2000 is made each year in an account that
Chapter 10, Problem 65(choose chapter or problem)
Individual Retirement Account A deposit of $2000 is made each year in an account that earns 11% interest compounded annually. The balance after years is given by (a) Compute the first six terms of the sequence.(b) Find the balance after 20 years by finding the 20th term of the sequence. (c) Use a symbolic algebra utility to find the balance after 40 years by finding the 40th term of the sequence.
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