You know that the balance at the end of the third period is B, = b3.B, + (b2+b+1)A when an account is opened with initial deposit Bo, regular deposits A are made at the end of each compounding period, the period interest rate is r, and b=1+r. Starting from B, = B3 + rB, + A, you should be able to obtain a formula for B, of the form B, = b4.B, + (Missing terms)·A. What are the missing terms inside the parentheses? Missing terms =
Percentage
A percentage is a number indicated as a fraction of 100. It is a dimensionless number often expressed using the symbol %.
Algebraic Expressions
In mathematics, an algebraic expression consists of constant(s), variable(s), and mathematical operators. It is made up of terms.
Numbers
Numbers are some measures used for counting. They can be compared one with another to know its position in the number line and determine which one is greater or lesser than the other.
Subtraction
Before we begin to understand the subtraction of algebraic expressions, we need to list out a few things that form the basis of algebra.
Addition
Before we begin to understand the addition of algebraic expressions, we need to list out a few things that form the basis of algebra.
Hello can someone help me please.
Step by step
Solved in 2 steps with 1 images
