Solve the problem.A person makes an initial deposit into a savings account paying 6% interest compounded annually. He plans to withdraw $120 at the end of each year.(a) Find the difference equation yn, the amount in the account after n years.(b) How large must the initial deposit be so that the money will not run out?
What will be an ideal response?
| (a) | yn = 1.06yn-1 -120 |
Mathematics
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B. 
C. 
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= 
A. 
B. {36}
C. 
D. {27}
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A. 
min
B. 
min
C. 
min
D. 56 min
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Divide. Write the answer in lowest terms and as a whole or mixed number where possible.
÷ 
A. 
B. 1
C. 
D. 2
Mathematics