anonymous
  • anonymous
write a sequence that represents the amount of money that will accumulate
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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NotTim
  • NotTim
ehh...shoul yur work? i'm not actually helping....but it would help oithers
anonymous
  • anonymous
how many years was the money collecting interest?
anonymous
  • anonymous
\[A=P(1+\frac{r}{n})^{nt}\] This is the compound interest formula P represents the initial investment r represents the rate in decimal form n represents the number of times compounded t represents the time in years A represents the total amount

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anonymous
  • anonymous
You didn't tell how many years
anonymous
  • anonymous
Oh ok, you want to write a sequence
anonymous
  • anonymous
to tel you the truth, i don't remember lol
Mertsj
  • Mertsj
hang on...
Mertsj
  • Mertsj
What is n in your formula?
Mertsj
  • Mertsj
I found your formula on line and it says that n is the number of years or compounding periods. Then what is tn that you are asked to find?
Mertsj
  • Mertsj
Is the formula in your book?
Mertsj
  • Mertsj
When it gives you the formula, it must define the variables.
Mertsj
  • Mertsj
Here is your sequence: 5000(1+.03)^1, 5000(1+.03)^2, 5000(1+.03)^3, 5000(1+.03)^4...
Mertsj
  • Mertsj
When it says determine tn is that \[tn\] or \[t _{n}\]
Mertsj
  • Mertsj
You have no idea when to stop because you don't know what n is unless you know the number of years.
Mertsj
  • Mertsj
That's why you put ...
Mertsj
  • Mertsj
Is t the time?
Mertsj
  • Mertsj
t is the number of years and n is the number of compounding periods per year.
Mertsj
  • Mertsj
So in your case, it is \[t _{2}\]
Mertsj
  • Mertsj
yw
Mertsj
  • Mertsj
It's exactly the same as the last one with different numbers.

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