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Mathematics, 05.03.2021 03:10 jholland03

You are depositing $35 each month in a credit union savings club account. You are getting 0.4% monthly (4.8% annually) interest on the account. The balance at the
beginning of the nth month can be given by the following explicit function.

Q1 =35
an = 35(1.004)n-1

Find the balance at the beginning of the 6th month.

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