## Precalculus (6th Edition) Blitzer

Published by Pearson

# Chapter 10 - Section 10.1 - Sequences and Summation Notation - Exercise Set - Page 1050: 72

#### Answer

$16,084.37$

#### Work Step by Step

Here, we have $10,000(1+\dfrac{0.08}{4})^n$ Plug $n=24$ Now $10,000(1+\dfrac{0.08}{4})^{24}=16,084.37$ Hence, the balance is $\$ 16,084.37\$ after six years.

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