A person deposits a $10,000 lottery prize at n = −1 in a bank savings account and makes no further deposits. The bank offers an annual percent yield (interest rate) of 12% per year (or 1 −...

A person deposits a $10,000 lottery prize at n = −1 in a bank savings account and makes no further deposits. The bank offers an annual percent yield (interest rate) of 12% per year (or 1 − (1.12)1/12 per month). Find the savings account balance y[n], where n indicates the nth month.