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Chapter 12: Q. 19 (page 838)
In Problems 17–19, find the indicated term in each sequence.
9th term of
9th term is
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If is invested at per annum compounded semiannually, how much is in the account after 2 years?
Roth IRA On January 1, 1999, Bob decided to place \(500 at the end of each quarter into a Roth Individual Retirement Account.
(a) Find a recursive formula that represents Bob’s balance at the end of each quarter if the rate of return is assumed to be 8% per annum compounded quarterly.
(b) How long will it be before the value of the account exceeds \)100,000?
(c) What will be the value of the account in 25 years when Bob retires?
In Problems 37–50, a sequence is defined recursively. Write down the first five terms.
In Problems 17–28, write down the first five terms of each sequence.
In Problems 51–60, write out each sum.
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