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March 29, 2024, 12:05:21 pm

Author Topic: Confusing question  (Read 1232 times)  Share 

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a weaponized ikea chair

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Confusing question
« on: April 04, 2022, 06:30:20 pm »
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Hello, I need some help for the following question:

"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.
« Last Edit: April 04, 2022, 06:51:51 pm by a weaponized ikea chair »