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Author Question: Maria deposited in an independent retirement account at her bank. She earns interest per month ... (Read 157 times)

Frost2351

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on: Feb 28, 2021
Solve.

Maria deposited in an independent retirement account at her bank. She earns interest per month on the balance. Each month, she deposits in the account. Her balance each month after making a deposit, is given by the recursively defined sequence

B0 = $1500 Bn = 1.005Bn-1 + 100

If she made the initial deposit on September 30, and makes each monthly deposit on the last day of the month, how much money will be in the account at the end of the year for Maria to count as a deduction for that year's federal income taxes? That is, determine B3.
Precalculus ¦ Sullivan ¦ 10th Edition
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Marked as best answer by Frost2351 on Feb 28, 2021

durant1234

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Reply #1 on: Feb 28, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Frost2351

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Reply 2 on: Feb 28, 2021
YES! Correct, THANKS for helping me on my review

Bigfoot1984

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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