You deposit $480 each week into an account earning 4.5% interest compounded weekly. a) How much will you have in the account in 30 years?

b) How much total money will you put into the account?

c) How much total interest will you earn?

Result:

The amount is $7763.37 and the interest is $4263.37.

Step-by-step explanation:

Problem:

If you deposit $3500 into an account paying 10% annual interest compounded monthly , how much money will be in the account after 8 years?

answer: idk

step-by-step explanation:

, 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