SOLUTION: $10000 is invested in an account earning 10.5% compound interest each year.
Right down a recurrence relationship to model the value of the loan, V,, from year to year
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Right down a recurrence relationship to model the value of the loan, V,, from year to year
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Question 1053507: $10000 is invested in an account earning 10.5% compound interest each year.
Right down a recurrence relationship to model the value of the loan, V,, from year to year Answer by rfer(16322) (Show Source):