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Question

Consider the sequence {An}\left\{A_n\right\} whose nth term is given by

An=P(1+r12)nA_n=P\left(1+\frac{r}{12}\right)^n

where P is the principal, AnA_n is the amount at compound interest after n months, and r is the interest rate compounded annually. Find the first ten terms of the sequence if P=$9000 and r=0.115.

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