Use the formula for compound interest,
Where P is the starting amount (500$), r is the rate of interest (0.04), n is the number of times the interest is compounded per unit (1 per year), and t is the amount of time it is compounded (5 years).
Now, plug it into the formula:
Do the math,
and your answer is she must pay <span>
608.32$ when she pays her debts.</span>
Answer:
yes
Step-by-step explanation:
Answer:
-2
Step-by-step explanation:
In a linear regression model we have the equation
that relates
and
, where
is the estimator of the slope and
is the estimator of the Y-intercept. The coefficients
and
can be estimated with the equations:

. Thus,
