Mathematics, 02.08.2021 18:50, thebigman7993

9. A deposit of $100,000 is made to an investment fund at the beginning of a year. On the last day of each year two dividends are awarded. The first dividend is 20% of the amount in the account during that year. The second divi- dend is 45% ofthe amount in the account in the previous year. a) Find a recurrence relation for {Pnl, where Pn is the amount in the account at the end ofn years ifno money is ever withdrawn.
b) has been withdrawn?

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 15:30, pbrogers23

What is the solution of sqrt x+2-15=-3

Answers: 2

continue

Mathematics, 21.06.2019 22:30, xandraeden32

Ingredient c: 1/4 cup for 2/3 serving or ingredient d: 1/3 cup for 3/4 serving which unit rate is smaller

Answers: 2

continue

Mathematics, 21.06.2019 23:30, jtroutt74

Afactory buys 10% of its components from suppliers b and the rest from supplier c. it is known that 6% of the components it buys are faulty. of the components brought from suppliers a,9% are faulty and of the components bought from suppliers b, 3% are faulty. find the percentage of components bought from supplier c that are faulty.

Answers: 1

continue

Mathematics, 22.06.2019 00:00, chitteshchandra56

This circle is centered at the origin, and the length of its radius is 6. what is the circle's equation? a. x^2+y^2=36 b x^2+y^2=6 c x+y=36 d x^6+y^6=1

Answers: 2

continue

Do you know the correct answer?

9. A deposit of $100,000 is made to an investment fund at the beginning of a year. On the last day o...