PLEASE HELPPP
6. APPLICATION On October 2, 2008, Sal invested $24,000 in a bank account earning 3.4% annually, compounded monthly. On November 1, one month’s interest was added to his account. The next day Sal withdrew $100. He continued to withdraw $100 on the second day of every month after that. He records his account balance in a table.
a. Find the missing values in the table.
b. Write a recursive formula for the balances on the second day of each month. Start with a0 = 24,000.
c. What is the value of a4? What is the meaning of this value?
d. What will the balance be on October 2, 2009? On October 2, 2011?
