oliviaalmaswari oliviaalmaswari

17-09-2022
Mathematics

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Each year a certain amount of money is deposited in an account which pays an annual interest rate of r so that at the end of each
year the balance in the account is multiplied by a growth factor of z=1+r.$500 is deposited at the start of the first year, an
additional $200 is deposited at the start of the next year, and $600 at the start of the following year.
a. Write an expression for the value of the account at the end of three years in terms of the growth factor z

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