Brenda invests $4,848 in a savings account with a fixed annual interest rate of 5% compounded 2 times per year. What will the account balance be after 6 years?

Answers

Answer 1

She invests some amount in a saving account of fixed interest compounded half-yearly. It says to find its Future Value after six years.

The principal amount is P = $4,848.

Annual interest rate is 5% i.e. r = 0.05

Compounding period is two times per year i.e. n = 2.

Time of investment is t = 6 years.

We know the formula of Future Value is given by :-

[tex] FV=P*(1+\frac{r}{n})^{nt} [/tex]

We can plug the given values in the formula to calculate the answer.

[tex] FV = 4848*(1+\frac{0.05}{2})^{(2*6)} \\\\
FV = 4848*(1+0.025)^{(12)} \\\\
FV = 4848*(1.025)^{(12)} \\\\
FV = 4848*(1.344888) \\\\
FV = 6520.02102 [/tex]

Hence, future value of investment after six years is 6,520.02 dollars.

Answer 2
Final answer:

The question involves calculation of compound interest. The formula to use is A = P (1 + r/n)^(nt), where P is the principal amount, r is the annual interest rate, t is the time in years, n is the number of times interest is compounded per year and A is the amount of money accumulated after n years.

Explanation:

This question involves the concept of compound interest. Compound interest is calculated each period on the original deposit, or principal, along with any interest previously earned. Unlike simple interest which only takes into account the principal amount, compound interest accounts for the interest that accumulates on the initial amount as well as the interest that has previously been added.

In Brenda's case, as she's benefiting from compounded interest, the formula to use here is A = P (1 + r/n)^(nt), where P is the principal amount, r is the annual interest rate, t is the time in years, n is the number of times interest is compounded per year and A is the amount of money accumulated after n years.

So, plug in the given values: P=$4848, r=0.05 (as 5% = 5/100), t=6, and n=2 (since it's compounded semi-annually). This will allow us to find the final account balance after 6 years.

Learn more about Compound Interest here:

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Related Questions

Singing "row, row, row your boat," in a round (each group starting at a different time) would be considered which texture? music appreciation

Answers

Yuh, ooh, brr, brr
Gucci gang, ooh
(That's it right there, Gnealz)
Yuh, Lil Pump, yuh
Gucci gang, ooh
(Ooh, Bi-Big Head on the beat)
Yuh, brr

Which of the following sets are closed under multiplication? Select all that apply. integers irrational numbers whole numbers polynomials

Answers

I think the appropriate answer is, the integers, polynomials and whole numbers since of them are closed under multiplication. 
Integers are whole numbers, while polynomials are expressions with more than two algebraic terms.

integers, polynomials and whole numbers

Caleb has an offer from a credit card issuer for 0% APR for the first 30 days and 17.68%
APR afterwards, compounded daily. What effective interest rate is Caleb being offered?

17.61%

19.19%

17.68%

19.33%

Answers

Solution:- Answer is 19.33%

Annual percentage rate (APR) is the yearly rate for a price which have to pay for borrowing money through credit card.

Here Caleb has an offer from a credit card issue for i=0% APR for the first 30 days.

now, effective interest rate for n= 30 days  

=[tex]r=(1+\frac{i}{n} )^n-1\\\Rightarrow\ r=(1+\frac{0}{30} )^{30}-1\\\Rightarrow\ r=(1+0)^{30}-1=1-1=0[/tex]

After 30 days APR =17.68%=0.1768

n=365-30=335 days

now the effective interest rate for n=335 days

=[tex]r=(1+\frac{i}{n} )^n-1\\\Rightarrow\ r=(1+\frac{0.1789}{335} )^{335}-1\\\Rightarrow\ r=(1+0.000527)^{335}-1=(1.000527)^{335}-1=1.1933-1=0.1933[/tex]

=19.33%

So the effective interest rate for 365 days =0+19.33% =19.33%

So fourth option is correct.

Answer:

17.61%

Step-by-step explanation:

just did it

A system of linear equations is shown below. 2x + 4y = 10 3x – y = 8 marla is attempting to prove that by replacing 2x + 4y = 10 with a different equation it will sometimes produce a new system of equations with the same solution. marla plans on multiplying 2x + 4y = 10 by 2 and then adding the results to the equation 3x – y = 8 in order to create a new equation. marla claims that the new equation that she will replace 2x + 4y = 10 with is 7x + 7y = 12. is marla correct?

Answers

2(2x +4y) +(3x -y) = 2(10) +(8)
.. 7x +7y = 28

Marla has incorrectly calculated the constant as 12. It should be 28.
Final answer:

No, Marla is not correct. The correct new equation is 4x + 8y = 20.

Explanation:

No, Marla is not correct. To create a new equation that represents the same system of equations, we need to perform the same mathematical operation on both sides of the equation. In this case, Marla multiplied the left side of the equation by 2, but not the right side. To maintain equality, we need to multiply both sides of the equation by the same constant. Therefore, the correct new equation would be 4x + 8y = 20.

The experimental probability of a coin landing on heads is 7/12. If the coin landed on tails 30 times, find the number of tosses

Answers

Answer: 72 tosses

Explanation: If the probability of landing heads is 7/12, the probability of landing tails is 5/12. So then you do cross multiplication, where you multiply the 12 and the 30, equalling 360. Then divide that by 5, equalling 72.

Rhianna has $5.25 in dimes and nickels for a total of 63 coins. how many dimes does she have

Answers

Answer:

The number of dimes she has = 42

Step-by-step explanation:

Rhianna has $5.25 in dimes and nickels for a total of 63 coins.

Let the number of nickels be x and the dimes be y.

Since nickels = 0.05 cent and Dimes = 0.10 cent

Now we will form the equations.

10 y + .05 x = 5.25

5x + 10y = 525

x + 2y = 105 ------(1)

x + y = 63 ----(2)

By subtracting equation 2 from 1.

(x + 2y)-(x + y) = 105 - 63

x + 2y - x - y = 42

y = 42

By putting y = 42 in equation 1

x + 42 = 63

x = 63 - 42 = 21

Therefore

Number of dimes will be 42.

PLEASE HELP!!???!!!?

Answers

Do you know any trigonometry? I'll solve this as you do.

Sin(60) = slant height / hypotenuse (corner height)
corner height = 8 meters.
Sin(60) = slant height / 8
8 sin(60) = slant height
8 * 0.8660 = slant height
6.928

Write an equation for the line that is parallel to the given line and that passes through the given point.

y = 2x + 7; (3, 11)

I'm so bad at math please help!??

Answers

Parallel to y = 2x + 7, passes through (3, 11)

Alrighty, so remember : if an equation is parallel to another equation, then both of their slopes are the same. 

Identify the slope of our given line. Since our equation is in slope-intercept form, remember that "m" is the slope. Therefore, our slope is 2.

Now, plug in (3, 11) and "m" (2) into slope intercept form, y=mx+b. We're essentially just finding "b" which is our y-intercept.

y = mx+b

(11) = (2)(3) + b

Simplify.

11 = 6 + b

Subtract 6 from both sides.

11 - 6 = b

Therefore, b = 5

So now plug everything into our new equation.

Remember that our new equation has a slope of 2 and a y-intercept of 5.

y = mx+b

y = 2x + 5

~Hope I helped!~

A graphic designer wants to translate rectangle DEFG using T–1, 2(x, y). The pre-image has coordinates D(–1, 3),
E(4, 3), F(4, 1), and G(–1, 1). What is the image of DEFG?
PLEASE ANSWER

Answers

Answer:The answer is B !

Step-by-step explanation:

A translation is a rigid translation that changes the location of a figure without a net reflection or rotation

The option that gives the correct image of the preimage DEFG, which is D'(-2, 5), E'(3, 5), F'(3, 3), G'(-2, 3), is; The second diagram

Please find attached a diagram showing the preimage and the image

The reason why the selected option is correct is given as follows

The given translation is T₍₋₁, ₂₎(x, y)

Coordinates of the pre-image are D(-1, 3), E(4, 3), F(4, 1), and G(-1, 1)

Required:

To find the image formed following the translation

Solution:

To translate a preimage given the measure of the translation of the x and y-values, in the form T₍₋₁, ₂₎(x, y), '-1' is added to the x-values, and '2' is added to the y-values, as follows

D(-1, 3) [tex]\underset {\longrightarrow } {T_{-1, 2}}[/tex] D'(-1 - 1, 3 + 2) = D'(-2, 5)E(4, 3) [tex]\underset {\longrightarrow } {T_{-1, 2}}[/tex] E'(4 - 1, 3 + 2) = E'3, 5)F(4, 1) [tex]\underset {\longrightarrow } {T_{-1, 2}}[/tex] F'(4 - 1, 1 + 2) = F'(3, 3)G(-1, 1) [tex]\underset {\longrightarrow } {T_{-1, 2}}[/tex] G'(-1 - 1, 1 + 2) = G'(-2, 3)

The coordinates of the vertices of the image are D'(-2, 5), E'(3, 5), F'(3, 3), and G'(-2, 3)

The image of DEFG is the second diagram, D'E'F'G'.

Please find attached the diagram of the image of the preimage DEFG constructed with dashes

Learn more about translation transformation here:

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A probe is traveling to mercury is 4.8 x 10^7 miles away the probe travels at a rate of 6 x 10^4 miles per hour. Using the formula: time = distance / rate determine how long it would take the probe to reach mercury all units are in hours.

A. 0.8
B. 2.88 x 10^4
C. 8 x 10^2
D. 1.2 x 10^3

Please help

Answers

it's c.8*10^2.
time=distance/rate
time=4.8*10^7/6*10^4
time=0.8*10^3
time=8*10^2

The explicit rule for a sequence is

an=48−11n .



What is the recursive rule for the sequence?




an=an−1+37,a1=11

an=an−1−11,a1=37

an=an+1−11,a1=37

an=an−1−37,a1=11

Answers

For an explicit formula in its simplified form, we must evaluate the first two terms.

For [tex]a_n=48-11n[/tex], [tex]a_1=48-11=37[/tex], and [tex]a_2=48-22=26[/tex]. We see that the common difference is [tex]37-26=-11[/tex], and [tex]a_1=37[/tex], so we write,
[tex]a_1=37, \ \ \ a_n=a(n-1)-11[/tex]. 

The correct answer is B.


the rule should be a(n)=a(1)+(n-1)d
d=-11 in this case, so a(n)=a(1)-11(n-1)
a(n)=a(1)-11n+11
a(n)=a(1)+11-11n
a(1)+11=48, 
a(1)=37
B is the correct answer. 

A Ferris Wheel turns at a constant speed.
It takes 4 minutes to turn through a complete circle.
What angle does the Ferris Wheel turn through in 90 seconds?
A) 125 degrees
B) 135 degrees
C) 145 degrees
D) 155 degrees

Answers

the answer is d. i hope it helps
Okay so as you know a circle is 360 degrees. So let's start by finding what one minute is. 360/4=90 so in 1 minute the Ferris Wheel while move 90 degrees. 90 seconds is equal to 1 minute and 30 seconds so 1 minute/2 (or 30 seconds)=90/2 which is 45. 90+45=135 degrees. 
Side note: I am taking in Geometry right now in 7th grade so I can assure you that this answer is trustworthy. Hope this helps!

If 88% of milk is water, what percentage do the other components equal

Answers

The percentage that the other components is equal to 100%-88%=12%

The correct answer is that the other components equal 12% of the milk.

To solve this problem, one must understand that the total percentage of all components in milk must add up to 100%. Given that 88% of milk is water, the remaining percentage will be the sum of all other components in the milk.

To find the percentage of the other components, subtract the percentage of water from the total percentage:

Total percentage of milk = 100%

Percentage of water in milk = 88%

Percentage of other components = Total percentage of milk - Percentage of water in milk

Percentage of other components = 100% - 88%

Percentage of other components = 12%

Therefore, the other components in the milk make up 12% of the milk.

Complete question:- If 88% of milk is water, what percent do the other components equal?

Simplify completely quantity 4 x squared minus 32 x plus 48 all over quantity 3 x squared minus 17 x minus 6.

Answers

For this case we must simplify the following expression:

[tex]\frac {4x ^ 2-32x + 48} {3x ^ 2-17x-6}[/tex]

Simplifying the numerator, dividing all the terms by 4, we have:

[tex]x ^ 2-8x + 12[/tex]

We factor by looking for two numbers that when added together give -8 and when multiplied by 12. These are: -6 and -2

[tex]-6-2 = -8\\-6 * -2 = 12[/tex]

So, we have to:

[tex]x ^ 2-8x + 12 = (x-6) (x-2)[/tex]

Simplifying the denominator:

We rewrite -17x as -18x + x:

[tex]3x ^ 2-18x + x-6[/tex]

We factor the highest common denominator of each group:

[tex]3x (x-6) +1 (x-6)[/tex]

We factor the polynomial by factoring the highest common denominator (x-6):

[tex](x-6) (3x + 1)[/tex]

So, we have to:

[tex]3x ^ 2-17x-6 = (x-6) (3x + 1)[/tex]

Substituting in the original expression we have:

[tex]\frac {(x-6) (x-2)} {(x-6) (3x + 1)} = \frac {x-2} {3x + 1}[/tex]

ANswer:

[tex]\frac {4x ^ 2-32x + 48} {3x ^ 2-17x-6} = \frac {x-2} {3x + 1}[/tex]

marika is training for a track race She starts by sprinting 100 yards . She gradually increases her distance , adding 4 yards a day for 21 days how far does she sprint on day 21 
using an=100+(n-1)4

Answers

For this case, you must use the given expression, taking into account that:
 n = number of days.
 We have then that for day 21, n = 21.
 Substituting we have:
 a21 = 100 + (21-1) * 4
 a21 = 180
 Answer: 
 she sprints 180 yards on day 21

Answer:

180 yards on day 21

Step-by-step explanation:

just took on A P E X !!

Which of the following is the solution to the equation 25^(z + 2) = 125?

Answers

Answer:

z = -0.5

Step-by-step explanation:

Using exponent rule:

[tex]x^a = x^b[/tex] then a = b

Given the equation:

[tex]25^{z+2} = 125[/tex]

We can write 25 and 125 as:

[tex]25 = 5 \cdot 5 = 5^2[/tex]

[tex]125 = 5 \cdot 5 \cdot 5 = 5^3[/tex]

then;

[tex]5^{2(z+2)}= 5^3[/tex]

Apply the rule:

[tex]2(z+2) = 3[/tex]

using distributive property [tex]a \cdot (b+c) = a\cdot b+ a\cdot c[/tex]

[tex]2z+4 = 3[/tex]

Subtract 4 from both sides we have;

[tex]2z = -1[/tex]

Divide both sides by 2 we have;

z = -0.5

Therefore, the solution for the given equation is, z = -0.5

Factor 20x2 + 25x – 12x – 15 by grouping. 1. Group terms with common factors. 2. Factor the GCF from each group. 3. Write the polynomial as a product of binomials.

Answers

Step 1:

(((22•5x2) + 25x) - 12x) - 15)))


The first term is,  20x2  its coefficient is  20 .
The middle term is,  +13x  its coefficient is  13 .
The last term, "the constant", is  -15




step 2 above,  -12  and  25 
                     20x2 - 12x + 25x - 15

Step-4 : Add up the first 2 terms, pulling out like factors :
                    4x • (5x-3)
              Add up the last 2 terms, pulling out common factors :
                    5 • (5x-3)
Step-5 : Add up the four terms of step 4 :
                    (4x+5)  •  (5x-3)
             Which is the desired factorizationFinal result : (5x - 3) • (4x + 5)

Answer:

(5x - 3) • (4x + 5)

Step-by-step explanation:

One of the parallel sides of a trapezium is 5cm longer than the other. If the
prependicular
distance between them
is 9cm and area is 126cm
2
, find the length
of the parallel sides.

Answers

The area of a trapezium is the product of height and average base length. The average base length is
  (126 cm^2)/(9 cm) = 14 cm

One base is half the difference longer than this, 16.5 cm; the other is half the difference shorter, 11.5 cm.

A garden is in the shape of a square. the area of the garden is 178 square meters. the exact length of a side of the garden is between which two lengths?

Answers

The answer to this is 13.34.

If ΔABC≅ΔMNO, then what corresponding angle is congruent to angle N? (Enter your answer using the angle letter only.)

Answers

Angel b would be the congruent one to angel n
Hope it helps

Answer:  [tex]\angle{B}[/tex]

Step-by-step explanation:

We know that if two triangles are congruent , then their corresponding sides and angles are congruent (by CPCTC).

[CPCTC is the acronym use for the property of congruent triangles that says that corresponding parts of two  congruent triangles are congruent]

Given : ΔABC  ≅  ΔMNO

Then , [tex]\angle{A}[/tex] corresponds [tex]\angle{M}[/tex] [First letter]

[tex]\angle{B}[/tex] corresponds [tex]\angle{N}[/tex] [Middle letter]

[tex]\angle{C[/tex] corresponds [tex]\angle{O}[/tex] [last letter]

Then , by CPCTC, we have

[tex]\angle{B}\cong\angle{N}[/tex]

Hence, angle B is the corresponding angle which is congruent to angle N.

8) A customer paid 84p for 300g of grapes. Find the price for 1/2kg

Answers

0.3 kg costs 84p
1    ..    ....   84 / 0.3 p
0.5 ...........  84 * 0.5 / 0.3  =  140 p  or £1.40 Answer

Solve for w.
1/7 = -3/2w -4/5 Simplify your answer as much as possible.

Answers

1/7 = -3/2w -4/5
add 4/5 to both sides
1/7 + 4/5= -3/2w
change to common denominator; 5 & 7 go into 35
(1*5)/35 + (4*7)/34= -3/2w
5/35 + 28/35= -3/2w
33/35= -3/2w
divide by -3/2 on both sides; multiply by the reciprocal of -3/2
33/35 * -2/3= w
-66/105= w
simplify by 3
-22/35= w

CHECK:
1/7 = -3/2w - 4/5
1/7= -3/2(-22/35) - 4/5
1/7= 66/70 - 4/5
1/7= 66/70 - 56/70
1/7= 10/70
1/7= 1/7

ANSWER: w= -22/35

Hope this helps! :)

Answer:

7 on k-12

Step-by-step explanation:

7(w+1)7w+77w+77w+7−7w7217=======5(2w−3)+110w−15+110w−1410w−14−7w3w−143wwDistribute on each side.Simplify the right side.Subtract 7w from each side.Combine like terms.Add 14 to each side.Divide each side by 3.

David has a credit card with an APR of 13.59% and a 30-day billing cycle. The table below details David’s transactions with that credit card in the month of November. Date Amount ($) Transaction 11/1 1,998.11 Beginning balance 11/5 43.86 Purchase 11/16 225.00 Payment 11/23 61.21 Purchase Between the previous balance method and the daily balance method, which method of calculating David’s November finance charge will result in a greater finance charge, and how much greater will it be?

Answers

the answer i would be C the previous balance method will have a finance charge $ 0.96 greater than the daily balance method
the correct answer is C

In Washington, D.C., Constitution Ave. meets Pennsylvania Ave. at a 25° angle. What is the measure of the complementary angle to the angle formed by these two avenues?

Answers

By definition, the complementary angles are those that have a sum of 90° (Right angle). 

 The problem indicates that Constitution Avenue meets Pennsylvania Avenue at a 25° angle. Then, the complementary angle is:

Complementary angle=90°-25°
Complementary angle=65°

  What is the measure of the complementary angle to the angle formed by these two avenues?

 The answer is: The measure of the complementary angle to the angle formed by these two avenues is 65°. 


Hint: Omars equation doesn't work!
Identify his error and correct it by showing the steps Omar should have taken and determine the correct value of x.

Answers

His Error: He set the expressions 10x-1 and 59 equal to each other. Those two angles are not congruent. 

He should have added the two expressions to get 180
(10x-1) + (59) = 180
10x+(-1+59) = 180
10x+58 = 180
10x+58-58 = 180-58
10x = 122
10x/10 = 122/10
x = 12.2

Harvey the wonder hamster can run 3 1/6 km in 1/4 hour. Harvey runs at a constant rate. Find his average speed in kilometers per hour

Answers

[tex]3 \frac{1}{6}: \frac{1}{4}= \frac{19}{6}* \frac{4}{1}= \frac{38}{3}= 12 \frac{2}{3} [/tex]

his average speed is 12 2/3 kilometers per hour

The average speed of an object is computed as follows,

[tex]v=\frac{d}{t}[/tex] , where [tex]d[/tex] is the distance covered in the time interval of interest and  [tex]t[/tex]  is the time taken  to cover the distance.


In this problem, the distance covered is

[tex]d= 3\frac{1}{6} km =\frac{19}{6} km.[/tex] as an equivalent fraction.

The time taken for the journey is

[tex]t=\frac{1}{4} hour.[/tex].

The avarage is speed is then,

[tex]v=\frac{d}{t}[/tex]

[tex]v=\frac{(19/6)km}{(1/4)h} =\frac{19\times 4 km}{6\times 1h} =\frac{38km}{3h} = 12.67km/h.[/tex]

What is the area of a trapezoid that has bases of 1feet and 14 inches and a height of 3 inches? A 43.5 in.^2 B 87 in.^2 C 22.9 in.^2 D 3.6 in.^2

Answers

Answer:

Option A. [tex]43.5\ in^{2}[/tex]  

Step-by-step explanation:

we know that

The area of a trapezoid is equal to

[tex]A=(1/2)(b1+b2)h[/tex]

we have

[tex]b1=1\frac{1}{4}\ ft[/tex]

[tex]b2=14\ in[/tex]

[tex]h=3\ in[/tex]

Convert feet to inches first

Remember that

[tex]1\ ft=12\ in[/tex]

so

[tex]1\frac{1}{4}\ ft=\frac{5}{4}\ ft=12*\frac{5}{4}=15\ in[/tex]

substitute in the formula

[tex]A=(1/2)(15+14)3=43.5\ in^{2}[/tex]  

Answer:

43.5 in^2

Step-by-step explanation:



What is the median for the set of data?
Ages
Stem Leaves
5 0, 4, 6
6 0, 2, 3, 4, 8, 8, 9
7 0, 2, 3, 4, 4, 4, 8, 9
8 4, 5, 6, 8

5|0 = 50 years old
70
71
72
74

Answers

Answer:

71

Step-by-step explanation:

Four int variables, x1, x2, y1, and y2, have been declared and been given values. write an expression whose value is the difference between the larger of x1 and x2 and the smaller of y1 and y2.

Answers

Even though we are using variables, we still know that "difference" means subtraction. So, if the larger is x1 and x2, those variables go first. The smaller, y1 and y2 will go second. So our problem will look like this:

(x1 <  x2 ? x2 : x1) - (y1 < y2 ? y1 : y2)
Final answer:

To find the difference between the larger of x1 and x2 and the smaller of y1 and y2, you first identify these respective values using max and min functions. Then, simply subtract the smaller value from the larger one.

Explanation:

To solve this problem, we first identify the larger value between x1 and x2, and the smaller value between y1 and y2. We can do this by using the 'max' function for the variables x1 and x2 and the 'min' function for y1 and y2. Once we have identified these values, we then compute the difference between the larger of x1 and x2 and the smaller of y1 and y2. This concept is based on comparison operations in mathematics.

Here is how it would look like in a programming context:

int larger = Math.max(x1, x2);

int smaller = Math.min(y1, y2);

int difference = larger - smaller;

where 'difference' is the answer you are looking for.

Learn more about Comparison Operations here:

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Formulate the recursive formula for the following geometric sequence.
{-16, 4, -1, ...}

Answers

Answer:

[tex]a_{n} =\frac{-a_{n-1}}{4}[/tex].

Step-by-step explanation:

We are given a geometric sequence { -16, 4, -1, .... }

i.e. [tex]a_{1} =-16[/tex], [tex]a_{2} =4[/tex], [tex]a_{3} =-1[/tex], ...

We will first find the common ratio 'r'.

Now, [tex]r=\frac{a_{n}}{a_{n-1}}[/tex]

i.e. [tex]r=\frac{a_{2}}{a_{1}}[/tex]

i.e. [tex]r=\frac{4}{-16}[/tex]

i.e. [tex]r=\frac{1}{-4}[/tex]

Similarly, i.e. [tex]r=\frac{a_{3}}{a_{2}}[/tex]

i.e. [tex]r=\frac{-1}{4}[/tex]

So, we get that the common ratio is [tex]r=\frac{-1}{4}[/tex].

Now, the recursive formula for the geometric sequence is given by,

[tex]a_{n} =r \times a_{n-1}[/tex]

i.e. [tex]a_{n} =\frac{-1}{4} \times a_{n-1}[/tex]

i.e. [tex]a_{n} =\frac{-a_{n-1}}{4}[/tex].

Hence, the recursive formula for this sequence is [tex]a_{n} =\frac{-a_{n-1}}{4}[/tex].

Other Questions
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