You know that the balance at the end of the third period is B3 = b3·B0 + (b2+b+1)A when an account is opened with initial deposit B0 , regular deposits A are made at the end of each compounding period, the period interest rate is r , and b=1+r . Starting from B4 = B3 + rB3 + A , you should be able to obtain a formula for B4 of the form B4 = b4·B0 + (Missing terms)·A . What are the missing terms inside the parentheses?
You know that the balance at the end of the third period is B3 = b3·B0 + (b2+b+1)A when an account is opened with initial deposit B0 , regular deposits A are made at the end of each compounding period, the period interest rate is r , and b=1+r . Starting from B4 = B3 + rB3 + A , you should be able to obtain a formula for B4 of the form B4 = b4·B0 + (Missing terms)·A . What are the missing terms inside the parentheses?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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You know that the balance at the end of the third period is B3 = b3·B0 + (b2+b+1)A when an account is opened with initial deposit B0 , regular deposits A are made at the end of each compounding period, the period interest rate is r , and b=1+r
. Starting from B4 = B3 + rB3 + A , you should be able to obtain a formula for B4 of the form B4 = b4·B0 + (Missing terms)·A
. What are the missing terms inside the parentheses?
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