Coinpoiiiid Interest Consider the sequence

Chapter 8, Problem 95

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Coinpoiiiid Interest Consider the sequence |/4| whose ;ilhterm is aivcn hvPi1;wiiere P is tlie principal. ,\ is tlie accounl balance alter nmonths, and ; is the interest rate compounded aniuially.(a) Is |.4] a con\'ert!ent sequence'.' Explain.(bl Find the tlrst ten terms ol the sequence il P = $'-)()IIO and ) = II. M.S.

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