Intermediate Algebra for College Students (7th Edition)

Published by Pearson
ISBN 10: 0-13417-894-7
ISBN 13: 978-0-13417-894-3

Chapter 11 - Section 11.1 - Sequences and Summation Notation - Exercise Set - Page 830: 59



Work Step by Step

If in a one year we have $4$ quarters then in a $5$ years there will be $5 \times 4 =20$ quarters Need to find the balance after $20$ quarters which can be found as: $a_{20}=6000(1+\dfrac{0.06}{4})^{20}$ or, $=8081.13$
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