Write the First Four Terms of the Sequence Whose General $\$ 11,000$

question 97

Multiple Choice

Write the first four terms of the sequence whose general term is given.
-A deposit of $\$ 11,000$ is made in an account that earns $5.6 \%$ interest compounded quarterly. The balance in the account after $n$ quarters is given by the sequence
$$a _ { n } = 11,000 \left( 1 + \frac { 0.056 } { 4 } \right) ^ { n } , n = 1,2,3 , \ldots$$
Find the balance in the account after 4 years.

• A) \(\$ 13,740.42\)
• B) \(\$ 4996.52\)
• C) \(\$ 11,629.06\)
• D) \(\$ 3762.52\)

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