The first day of a new year Adam opens a bank account and deposit 100 dollars . Then
he deposits 20 dollars every moth with the interest rate, 6 % that is calculated monthly.
How much money does Adam have on his account exactly 4 years after he opened the account ? Set up a proper recursive equation and solve this.

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Need help with the recursive equation and how to think, im all out of ideas here.

1123.6 is what im guessing, dont quote me lol

what?

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