Chapter 12: Q. 28 (page 839)
In Problems 26–28, use the Principle of Mathematical Induction to show that the given statement is true for all natural numbers.
Short Answer
Given statement is true for all natural numbers.
Chapter 12: Q. 28 (page 839)
In Problems 26–28, use the Principle of Mathematical Induction to show that the given statement is true for all natural numbers.
Given statement is true for all natural numbers.
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Get started for freeIn Problems 29–36, the given pattern continues. Write down the nth term of a sequence suggested by the pattern.
Education IRA: On January 1, 1999, John’s parents decided to place \(45 at the end of each month into an Education IRA.
(a) Find a recursive formula that represents the balance at the end of each month if the rate of return is assumed to be 6% per annum compounded monthly.
(b) How long will it be before the value of the account exceeds \)4000?
(c) What will be the value of the account in 16 years when John goes to college?
In Problems 17–28, write down the first five terms of each sequence.
In Problems 51–60, write out each sum.
How much do you need to invest now at per annum compounded monthly so that in 1 year you will have ?
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