Write the recursive formula for each sequence. the number are -6,-3,-2,-3/2,-6/5
1 answer:
Step-by-step explanation:
The first number in the sequence is -6.
The second number is -3, which is 1/2 the first number.
The third number is -2, which is 2/3 the second number.
The fourth number is -3/2, which is 3/4 the third number.
The fifth number is -6/5, which is 4/5 the fourth number.
So the pattern is:
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Answer:
A. $29,045.68
B. $28,981.85
C. Compound daily applies interest everyday over a period of 365 days in a year. Compound annually only applies the 3% interest once a year.
Step-by-step explanation:
3% compounded daily:
A = P(1 + r/n)^nt
= 25000(1 + )^365(5)
= 25000(1.00008219)¹⁸²⁵
= 25000(1.161827)
= 29045.6770
3% compounded annually:
A = P(1 + r/n)^nt
= 25000(1 + )^1(5)
= 25000(1.03)⁵
= 25000(1.159274)
= 28981.8518