Answer:
24
Step-by-step explanation:
F(1) = 160 is given to us. We'll use it to find f(2)
f(n+1) = -2*f(n)
f(1+1) = -2*f(1) ... replace every n with 1
f(1+1) = -2*160 ... replace f(1) with 160
f(2) = -320
Now use f(2) to find f(3)
f(n+1) = -2*f(n)
f(2+1) = -2*f(2) ... replace every n with 2
f(3) = -2*(-320) ... replace f(2) with -320
f(3) = 640
Finally, use f(3) to find f(4)
f(n+1) = -2*f(n)
f(3+1) = -2*f(3) ... replace every n with 3
f(4) = -2*640 ... replace f(3) with 640
f(4) = -1280
Final Answer: -1280
Step-by-step explanation:
step 1. let's call the amount of money A, the initial amount P, the yearly rate r, the number of compounds per year n.
step 2. A = P(1 + r/n)^(nt)
step 3. A = 1600(1 + .03/12)^((12)(5)
step 4. A = 1600(1.0025)^(60)
step 5. A = $1858.59
The answer is 83. 83+5=88. just subtract it.
