College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CT: Chapter Test
Problem 16CT: How many six-digit license plates can be made if no plate begins with 0 or 1?
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A deposit of $10,000 is made in an account that earns 8%interest compounded quarterly. The balance in the account after n quarters is given by the sequence:Find the balance in the account after six years. Round to the nearest cent.
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