Chapter 13.FOM, Problem 3P

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4th Edition

James Stewart + 2 others

ISBN: 9781305071742

Textbook Problem

**Monthly Savings Program **Alice opens a savings account that pays

**(a)** Find a recursive formula for the amount

**(b)** Find the first five terms of the sequence

**(c)**Use the pattern you observed in (b) to find a formula for

**(d)** How much has she saved after

To determine

(a)

**To find:**

A recursive formula for the amount

Explanation

**Given:**

An original deposit amount is

**Approach:**

Saving account pays

The formula hence used will be:

**Calculation:**

Now,

To determine

(b)

**To find:**

The first five terms of the sequence

To determine

(c)

**To find:**

A formula for

To determine

(d)

**To find:**

Saved amount after

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