If $2000 is invested at 5% interest, compounded annually, then after n years the investment is worth an = 2000(1.05)n dollars. (a) Find the first five terms of the sequence {an}. (Round your answers to the nearest cent.)

The first five terms of the sequence are: 2000, 2100, 2205, 2315.25, 2431.01.

Step-by-step explanation:

The sequence is modeled by the equation:

(a) Find the first five terms of the sequence {an}.

The first five terms of the sequence are: 2000, 2100, 2205, 2315.25, 2431.01.

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