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OpenStudy (anonymous):
Rita has deposited $1000 in a bank account. At the end of each year, the bank posts interest to her account in the amount of 5% of the balance, but then takes out a $10 annual fee. Let 648-12-08-00-00_files/i0260000.jpg be the amount Rita deposited. Write a recursive equation for the balance.
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OpenStudy (anonymous):
Bo is the picture
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