You buy 100 shares of a company stock at $9.75 per share and place the same amount in a savings account earning 4.5% APR. The st
2 answers:
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Answer:
$70,201.38
Step-by-step explanation:
To determine the principal amount, we can use the formula:
A = $200,000
r = 7% or 0.07
t = 15 years
n = 12
Now let's substitute our values.
So the principal needed to get 200,000 in 15 years is $70,201.38.
<h2>Answer: slope = ¹¹/₁₃
</h2><h3>Step-by-step explanation: </h3>
The question gives us two points, (−13, −19) & (13, 3), from which we can find the slope and later the equation of the line.
Finding the Slope
The slope of the line (m) = (y₂ - y₁) ÷ (x₂ - x₁)
= ((3 - (-19)) ÷ (13 - (-13))
= 22 ÷ 26
= ¹¹/₁₃
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<em>Checking my answer:</em>
<em>We can now use the point-slope form (y - y₁) = m(x - x₁)) to write the equation for this line. If the line passes through both of the points then we calculated the slope correctly.</em>
⇒ y + 19 = ¹¹/₁₃ (x + 13)
<em>I have included a Desmos Graph that I graphed using the information equation (including the slope) and the points given. </em>