Mathematics, 24.10.2019 01:00 illl6266
Tim deposits money in a certificate of deposit account. the balance (in dollars) in his account t years after making
the deposit is given by t(t) = 1000(1.06)t for t ≥ 0
c. by what percentages does the value of t(t) grow every two years? (hint: use your recursive formula to write
t(n + 2) in terms of t(
Answers: 3
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Tim deposits money in a certificate of deposit account. the balance (in dollars) in his account t ye...
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