Algebra 2 (1st Edition)

Published by McDougal Littell
ISBN 10: 0618595414
ISBN 13: 978-0-61859-541-9

Chapter 12 Sequences and Series - 12.5 Use Recursive Rules with Sequences and Functions - 12.5 Exercises - Problem Solving - Page 833: 48a



Work Step by Step

According to the exercise: $a_n=1.08a_{n-1}-30000$, because we are expected to make an $8\%$ annual return but also withdraw $30000$.
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