Solved

Write the First Four Terms of the Sequence Whose General $8000\$ 8000

Question 196

Multiple Choice

Write the first four terms of the sequence whose general term is given.
-A deposit of $8000\$ 8000 is made in an account that earns 8%8 \% interest compounded quarterly. The balance in the account after nn quarters is given by the sequence
an=8000(1+0.084) nn=1,2,3,a _ { n } = 8000 \left( 1 + \frac { 0.08 } { 4 } \right) ^ { n } \quad n = 1,2,3 , \ldots
Find the balance in the account after 28 quarters.


A) $13,928.19\$ 13,928.19
B) $14,014.19\$ 14,014.19
C) $13,989.19\$ 13,989.19
D) $13,781.19\$ 13,781.19

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions