An initial investment of x dollars is made at a fixed rate of interest of 4% compounded annually, and atthe end of each year P additional dollars are invested.
a. What is the value of the investment at the end of the second and third years?
b. Let V(x) be the value of the account at the end of the first year after the new investment is made. Use compositions of V(x) to find a formula for the value of the investment after n years.
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