If SP is invested at the end of each year in an annuity earning annual interest at a rater, the amount in the account will be sa after n years, where log(1+)
If $2,000 is invested each year in an annuity earning 11% annual interest, how long will it take for the account to be worth $40,000? (Round your answer to one decimal place.)
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x=half

step-by-step explanation:

hi there!

first we need to find out how much they are adding to each number to make the next number.

ex: 4 + 4 = 8, 8 + 8 = 16, and so on.

so continuing with 32,

32 + 32 = 64

64 + 64 = 128

128 + 128 = 256

256 + 256 = 512

4, 8, 16, 32, 64, 128, 256, 512

the 8th term of the sequence will be 512

hope this ! ~

step-by-step explanation: