Answer
$a_n=1.08a_{n-1}-30000$
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 $30000$.
Algebra 2 (1st Edition)
by Larson, Ron; Boswell, Laurie; Kanold, Timothy D.; Stiff, Lee
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
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