Solved: A deposit of $6000 is made in an account that earns 6% interest compounded
Chapter 11, Problem 59(choose chapter or problem)
A deposit of $6000 is made in an account that earns 6% interest compounded quarterly. The balance in the account after n quarters is given by the sequence an = 6000a1 + 0.06 4 b n , n = 1, 2, 3,c. Find the balance in the account after five years. Round to the nearest cent
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