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20 March, 10:56

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

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  1. 20 March, 12:36
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    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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