Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this trend were to continue, how much (in dollars) would a $30,000 investment be wort [HINT: Eight years corresponds to 12 eight-month periods.] (Round your answer to the nearest cent.) +15949 60

43&44

Please help: A savings plan James begins a savings plan in which he deposits $100 at the beginning of each month into an account that earns 9% interest annually or, equivalently, 0.75% per month. To be clear, on the first day of each month, the bank adds 0.75% of the current balance as interest, and then James deposits $100. Let Bn be the balance in the account after the nth payment, where Bn = $0. Write the first five terms of the sequence {Bn}. Find a recurrence relation that generates the sequence {Bn}. How many months are needed to reach a balance of $5000?

Inflation has been running 4% per year. A car now costs $30,000. How much (in dollars) would it have cost 8 years ago? (Round your answer to the nearest cent.) $ __