A certificate of deposit has $10,000.00 and the bank pays 2.89% interest compound monthly.
After 5 years, what is the account balance?
Enter your answer as a dollar value, such as 456.78

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for

range =5

step-by-step explanation:

to find the range, we take the largest value and subtract the smallest value.

the largest value is 5

the smallest value is 0

the range is 5-0   =5

55 degrees because 55+55=110 degrees