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Consider the sequence whose nth term is given by
where P is the principal,
is the account balance in dollars after n months, and r is the interest rate compounded annually. Find the fourth term of the sequence if
and
. Round your answer to two decimal places.
Eugene "Bull" Connor
An American politician and law enforcement official known for his strong opposition to the Civil Rights Movement in the southern United States during the 1960s.
Segregationist
An individual or policy that supports or promotes the enforced separation of different racial groups in a country, community, or establishment.
Birmingham
A city in the state of Alabama, historically significant for its role in the civil rights movement of the 1960s, known for protests against segregation and racial injustice.
Montgomery Bus Boycott
A pivotal civil rights protest in 1955-1956 in Montgomery, Alabama, where African Americans refused to ride city buses to challenge racial segregation.
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