Algebra and Trigonometry 10th Edition

Published by Cengage Learning
ISBN 10: 9781337271172
ISBN 13: 978-1-33727-117-2

Chapter 11 - 11.1 - Sequences and Series - 11.1 Exercises - Page 779: 97a

Answer

$A_1=10,087.50$ $A_2=10,175.77$ $A_3=10,264.80$ $A_4=10,354.62$ $A_5=10,445.22$ $A_6=10,536.62$ $A_7=10,628.81$ $A_8=10,721.82$

Work Step by Step

$A_n=10,000(1+\frac{0.035}{4})^n$ $A_1=10,000(1+\frac{0.035}{4})^1=10,000(1.00875)^1=10,087.50$ $A_2=10,000(1+\frac{0.035}{4})^2=10,000(1.00875)^2=10,175.77$ $A_3=10,000(1+\frac{0.035}{4})^3=10,000(1.00875)^3=10,264.80$ $A_4=10,000(1+\frac{0.035}{4})^4=10,000(1.00875)^4=10,354.62$ $A_5=10,000(1+\frac{0.035}{4})^5=10,000(1.00875)^5=10,445.22$ $A_6=10,000(1+\frac{0.035}{4})^6=10,000(1.00875)^6=10,536.62$ $A_7=10,000(1+\frac{0.035}{4})^7=10,000(1.00875)^7=10,628.81$ $A_8=10,000(1+\frac{0.035}{4})^8=10,000(1.00875)^8=10,721.82$
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