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This year, I place...

This year, I place 100 dollars into an account with a zero dollar balance, and plan to continue on contributing annually for n amount of time.Part (A)

Every two years, I increase the amount I place in by $100. In the first 8 years (n=8) my contribution schedule looks like this:###-##-####200 300 300 400 400Please construct a formula for the balance/future value/total amount (y) in year (n). Please show your work and explain the variables and operations used to construct the formula in step by step order.Part (B)

Every two years, instead of increasing the mount by $100, I double the amount I contribute. In the first 8 years (n=8) my contribution schedule looks like this:

100 100 200 200 400 400 800 800Please construct a formula for the balance/future value/total amount (y) in year (n). Please show your work and explain the variables and operations used to construct the formula in step by step order. Hi Pearl I'm looking for help on the question above

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