Consider the sequence whose nth term is given by where P is the principal, is the account balance in dollars after n months,and r is the interest rate compounded annually.Find the ninth term of the sequence if and .Round your answer to two decimal places.
A)$9,898.12
B)$10,875.05
C)$10,214.72
D)$9,590.28
E)$9,712.38

Question

Consider the sequence  whose nth term is given by  where P is the principal,  is the account balance in dollars after n months,and r is the interest rate compounded annually.Find the ninth term of the sequence if  and  .Round your answer to two decimal places. ​
A)$9,898.12 
B)$10,875.05 
C)$10,214.72 
D)$9,590.28 
E)$9,712.38

Quizplus · Accepted Answer

The Answer of Consider the sequence  whose nth term is given by  where P is the principal,  is the account balance in dollars after n months,and r is the interest rate compounded annually.Find the ninth term of the sequence if  and  .Round your answer to two decimal places. ​
A)$9,898.12 
B)$10,875.05 
C)$10,214.72 
D)$9,590.28 
E)$9,712.38

Consider the Sequence Whose Nth Term Is Given by