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Answer:
The money she will end up earning in interest on the cd = $11,352.90
Step-by-step explanation:
The formula for getting the accumulated amount(compounded) is;
Where
A = Accumulated amount
P = principle (deposit)
r = interest rate and
n = no of times interest applied per time period.
The interest is compounded quarterly so in one year it will be 4 times
In 5 years
n = (5×4)-3 = 17 (as she will withdraw 3 month before the completion of five years)
A = ^17
= 7100( 1 + 0.028)^17
= 7100(1.028)^17
= 7100 * 1.599
= 11,352.90
Therefore the money she will end up earning in interest on the cd = $11,352.90
All integers where n ≥ 1.
We have given that the sequence,
We have to find the domain for n.
<h3>What is the meaning of arithmetic sequence?</h3>Arithmetic sequence is a sequence of numbers such that the difference between the consecutive terms is constant. Difference here means the second minus the first.
That is,
where a = first term of sequence.
d =common difference.
n =number of terms which belongs to natural numbers
By the definition of arithmetic sequence n starts with 1
Remember that,the natural number starts with 1
Now, in given sequence for nth term
The domain for n is All integers where n ≥ 1.
To learn more about the arithmetic sequence visit: