Answer:

Step-by-step explanation:
<u>Recursive sequence
</u>
In a recursive sequence formula, each term
is computed as a function of one or more previous terms. In the formula

n is the number of the term we want to calculate. If n=8, then the formula becomes

We can see
is the previous term. It means we need
to be able to compute
. But we also need
to compute
and so on until some known data is reached. The question provides five terms,




a is the best way to find it if there is points involved so keep that in mind
Answer:
After 9 years the account will be worth 13709.60$
Step-by-step explanation:
We are given the following in the question:
We are given the following in the question:
P = $8000
r = 6% = 0.046
n = 12
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years.
Putting the values, we get,

Thus, after 9 years the account will be worth 13709.60$