Question

Consider the sequence (An) whose nth term is given by An where P is the principal, An is the amount of compound interest after n months, and r is the annual percentage rate. Write the first four terms of the sequence for P = 9,500 and r = 0.04. Round your answer to two decimal places.
A) 9531.67, 9573.51, 9620.26, 9627.30
B) 9532.67, 9573.51, 9620.26, 9660.34
C) 9531.67, 9563.44, 9595.32, 9627.30
D) 9532.67, 9573.51, 9595.32, 9627.30
E) 9532.67, 9563.44, 9595.32, 9660.34

Answer

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