Suppose a certain amount of money is deposited into an account paying 4% annual interest, compounded quarterly (i.e., four times a year). For each positive integer n, let Sn = the amount on deposit at the end of the nth quarter, and let S0 be the initial amount deposited.
(a) Find a recurrence relation for S0, S1, S2, . . ., assuming no additional deposits or withdrawals for a 3-year period.
(b) If S0 = $5000, find the amount of money on deposit at the end of three years.
(c) Find the APR for the account.
Mathematics
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What will be an ideal response?
Mathematics
Provide an appropriate response.Determine the value of b so that the vectors u = i - bj and v = -2i - 4j are orthogonal.
A. - 2
B. 2
C. 
D. - 
Mathematics
Make a scatterplot of the data.{(23, 50),(-9, 16),(22, 41),(-9, -16),(-5, -2),(8, 31),(3, 7),(16, 64),(-9, -1),(-5, 6)} 
A. 
B. 
C. 
D. 
Mathematics
Evaluate the expression.
A. -6.1 B. 0 C. 12.2 D. 6.1
Mathematics