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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Definitions:

Black Sailors

African American sailors who have served in various capacities on ships, often facing racial discrimination while making significant contributions to maritime history.

Plantations

Large estates or farms, especially in the context of historical slavery, where cash crops like sugar, cotton, and tobacco were cultivated using forced labor.

Holdings

Assets or properties owned by an individual, company, or organization, which can include real estate, stocks, or other forms of investments.

Slaves

Individuals forced into servitude, deprived of personal freedom and the right to own property, often being legally considered the property of another person.