Assume that a person invests $2000 each year in a tax-sheltered annuity at 10% interest compounded annually. Let  An represent the amount at the end of n years, find a recurrence relation and initial conditions that define the sequence {An}.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 68E
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Assume that a person invests $2000 each year in a tax-sheltered annuity at 10% interest compounded annually. Let 

Arepresent the amount at the end of n years, find a recurrence relation and initial conditions that define the sequence {An}.

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