Jackson opened a savings account with $1500 that pays no interest. He deposits an additional $80 each week thereafter. Write a recursive formula to show how much money Jackson has in the account n weeks after opening the account.

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Q: Suppose you save $5 each week. If you continue saving for 5 years, how much will you have saved

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Q: If Ben invests $ 4 000 at 4 % interest per year, how much additional money must he invest at 5 12 %…

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Q: Explain why the amount of money in the account at the end of t years is given by the formula: P P 1+

A: Let us consider the interest compounded twice in a year.  Let yearly interest rate be r  and half…

Q: Find the recursive formula. 13) -27, -36, -45, -54, ...

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Q: How long will it take for P 46, 450.00 to earn an interest of P14, 000 invested at 13.5% simple…

A: To solve the given question we shall use the following formula…

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A: Formula : Interest = PRT/100 Amount = P + I

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A: First of all, consider the SI formula for the calculation of the interest monthly. Principal amount…

Q: A student received an inheritance from her grandmother of $1000. She places the money in a savings…

A: Simple interest

Q: Q2 (A). On January 12, 2008 Best buy purcha $10000 once every thirty days, beginning Fe

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Q: Carlos deposits $600 into an account that pays simple interest at a rate of 2% per year. How much…

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Q: Gregory was p years of age 4 years ago. In terms of p, How old will he be in 4 years from now?

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Q: A state lotto has a prize that pays $900 each week for 15 years. find the total value of the…

A: A state lotto has a prize that pays $900 each week for 15 years. find the total value of the…

Q: A health club started in the vear 2011 with 13 members. Its goal was to double its members each…

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Q: Robin invested $1000 in a 12% simple interest savings deposit for 3 years. He also invested an equal…

A: Robin invested $1000 in a 12% simple interest deposit for 3 years. he also invested an equal amount…

Q: A laptop computer is purchased for $2600. Each year, its value is 70% of its value the year before.…

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Q: Nicole opened a savings account with $5000 and was paid simple interest at an annual rate of 2%.…

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Q: In the year 2003, a person bought a new car for $12500. For each consecutive year after that, the…

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Q: the smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate…

A: Current value, P = 75000Appreciation Rate, R = 4.3%Time, T = 7 yearsAmount after 7 years = P1 +…

Q: Find the Accumulated Value of 2 at the end of the n years if

A: Please check step 2 for the solution.!

Q: A student has a saving account with $475 in it. She deposits $125 of her paycheck into the account…

A: Let, a is number of week.  475+125xa=7,000   Explanation:   125×a = 7000-475         a =6525/125…

Q: a student saved 10.00 on sunday and doubled his savings each day thereafter . how much did he save…

A: Given:   a = 20     r = 2     n = 7

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Q: Sharon wants to have $10,000 after 8 years. How much should she deposit in a 4.5% saving account in…

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Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

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Q: Pierre inherited $251,600 from his uncle and decided to invest the money. He put part of the money…

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Q: To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How much…

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Q: Richard invests $298.66 every month into an account. At the end of 30 years, he has a balance of…

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A: Sequence: It is a function having a collection of objects that have a certain pattern with which the…

Q: A man wants to set up a 529 college savings for his granddaughter. How much would he need to deposit…

A: GIVENRate = 8% Final Value, FV = $60,000, time, t =18 years and find. Intial Amount = A =?

Q: find the integer the two consecutive odd integers with the sum of  -188.

A: Our Aim is to find the two consecutuve odd integers with the sum of -188.

Q: Alice started watching her favorite educational TV program at 6:30 in the evening. If she finished…

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Q: Arch's motorboat cost $15,000 in 1990 and has depreciated by 10% every 3 year. how much was the boat…

A: cost $15,000 in 1990 depreciated by 10% every 3 year. how much was the boat worth in 1999 ?

Q: Josh makes a $1500, 7% simple interest personal loan to his friend Sean for a period of 9 years.…

A: Consider the information given in the problem, Here the objective is to find the amount of money…