6th grade math !!!!!!!!!!!!!!!!
2 answers:
You might be interested in
Answer:
The explicit function is:
where
and we calculate S12:
Step-by-step explanation:
Expanding a few steps of the compound interest:
We can write:
for deposits
Then, expanding the previous equations would yield:
This is a geometric series form, which can be simplified to:
plugin in the values for the 12 month gives: