Consider the sequence whose nth term is given by
where P is the principal,
is the amount of compound interest after n months,and r is the annual percentage rate.Write the first four terms of the sequence for
and
Round your answer to two decimal places.
A) 9,563.33, 9,637.22, 9,716.38, 9,755.88
B) 9,564.34, 9,637.22, 9,716.38, 9,789.25
C) 9,563.33, 9,627.09, 9,691.27, 9,755.88
D) 9,564.34, 9,637.22, 9,691.27, 9,755.88
E) 9,564.34,9,627.09,9,691.27,9,789.25
Correct Answer:
Verified
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