write a sequence that represents the amount of money that will accumulate

Question

nottim · Answer

ehh...shoul yur work? i'm not actually helping....but it would help oithers

anonymous · Answer

how many years was the money collecting interest?

anonymous · Answer

$$A=P(1+\frac{r}{n})^{nt}$$
This is the compound interest formula
P represents the initial investment
r represents the rate in decimal form
n represents the number of times compounded
t represents the time in years
A represents the total amount

anonymous · Answer

You didn't tell how many years

anonymous · Answer

Oh ok, you want to write a sequence

anonymous · Answer

to tel you the truth, i don't remember lol

mertsj · Answer

hang on...

mertsj · Answer

What is n in your formula?

mertsj · Answer

I found your formula on line and it says that n is the number of years or compounding periods.  Then what is tn that you are asked to find?

mertsj · Answer

Is the formula in your book?

mertsj · Answer

When it gives you the formula, it must define the variables.

mertsj · Answer

Here is your sequence:
5000(1+.03)^1, 5000(1+.03)^2, 5000(1+.03)^3, 5000(1+.03)^4...

mertsj · Answer

When it says determine tn is that
$$tn$$
or
$$t _{n}$$

mertsj · Answer

You have no idea when to stop because you don't know what n is unless you know the number of years.

mertsj · Answer

That's why you put ...

mertsj · Answer

Is t the time?

mertsj · Answer

t is the number of years and n is the number of compounding periods per year.

mertsj · Answer

So in your case, it is
$$t _{2}$$

mertsj · Answer

yw

mertsj · Answer

It's exactly the same as the last one with different numbers.