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Write the First Four Terms of the Sequence Whose General $11,000\$ 11,000

Question 97

Multiple Choice

Write the first four terms of the sequence whose general term is given.
-A deposit of $11,000\$ 11,000 is made in an account that earns 5.6%5.6 \% interest compounded quarterly. The balance in the account after nn quarters is given by the sequence
an=11,000(1+0.0564) n,n=1,2,3,a _ { n } = 11,000 \left( 1 + \frac { 0.056 } { 4 } \right) ^ { n } , n = 1,2,3 , \ldots
Find the balance in the account after 4 years.


A) $13,740.42\$ 13,740.42
B) $4996.52\$ 4996.52
C) $11,629.06\$ 11,629.06
D) $3762.52\$ 3762.52

Correct Answer:

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