Chapter 12: Q 82. (page 809)
In Problems 71-82, find the sum of each sequence.
Short Answer
The sum of this sequence is 89964.
Chapter 12: Q 82. (page 809)
In Problems 71-82, find the sum of each sequence.
The sum of this sequence is 89964.
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Get started for freeRoth 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 51–60, write out each sum.
In Problems 61–70, express each sum using summation notation.
In a(n) ______sequence the ratio of successive terms is a constant.
For the functionfind.
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