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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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 B, 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 Bof the form B4 = b4·B0 + (Missing terms)·A

. What are the missing terms inside the parentheses?

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