Post by: a weaponized ikea chair on April 04, 2022, 06:30:20 pm
"Determine a recurrence relation in terms of D_n, where D_n is the value after n months, for an investment with an initial deposit of 75000 with an interest rate of 4.98% per annum compounding quarterly"
My problem is that D_n is in months, so I'm not sure how to write a recurrence relation for that. I currently have:
But this gives after n quarters, not n months.