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nasty-shy [4]
3 years ago
15

Professor Brown has $275,000 on deposit with TIAA at the start of 2015 and receives 3.65% interest per year on his account. Inte

rest on these accounts is compounded and credited daily. a) find a recursive sequence that models the amount An in his account at the end of the nth day of 2015. b) find the first 8 terms of the sequence An, rounded to the nearest cent. c) Find a formula for An
Mathematics
1 answer:
Mariulka [41]3 years ago
7 0
Just gonna take a guess in case no one answers.

F(x) = .0365(x)275,000 + 275,000

is you wanna find out the 8th term plug in 8 for x...
should be
357,500 on year 8
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