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Jim Deposits $15,000 in an Account on January 1

Question 107

Multiple Choice

Jim deposits $15,000 in an account on January 1. Starting on January 2, he withdraws $100 each morning. Find the amount in his account on the evening of January 27. (Hint: For a1 = 15,000, the amount remaining 26 days later will be what term of the sequence?)


A) $12,700
B) $12,600
C) $12500
D) $12,400

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