Question

Help Please: Thanks in advance! Write a sequence that represents the amount of money that will accumulate

Answer 1

So I take it you haven't learned anything from the problems identical to this one that others have done for you?

Answer 2

1. Write a sequence that represents the amount of money that will accumulate if $5000 is invested at 6% per year, compounded semi-annually. Determine tn. In this case, what does n represent?

Answer 3

Remember that problem?

Answer 4

Look at its solution. Use P instead of 5000, use r instead of 6% and use 12 instead of n