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If $8000 is invested at 3% interest, compounded annually, then after n years the investment...

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Basic Math

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If $8000 is invested at 3% interest, compounded annually, then after n years the investment is worth an = 8000(1.03)" dollars.Find the first five terms of the sequence {a}.Step 1For an = 8000(1.03), we have a? = 8000(1.03) =a2 = 8000(1.03) =and

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