Answer:
20.4 years
Step-by-step explanation:
The nper formula in excel comes handy in this scenario:
=nper(rate,pmt,-pv,fv)
Rate is the monthly rate of 5.4%/12
Assuming actual investment is $5,000 which is pv
The triple amount would be $5,000*3=$15,000 which is future value fv.
pmt is the regular cash flow the investment which is zero
=nper(5.4%/12,0,-5000,15000)= 244.68 months
Yearly it can be expressed as = 244.68/12 =20.39 years
When rounded to one decimal place it becomes 20.4 years
Answer:
5. 8/6x + 2
6. -4x - 2
7. y=3
Step-by-step explanation:
If a line is parallel to another, the slopes of both lines are the same. So for this problem, you can infer that the slope of the line you're trying to find is 3.
To find the actual equation of the line, you can use the given coordinates and plug them into the point slope form:
y - y1 = m(x - x1)
plug the given y coordinate into y1 and the given x coordinate into x1. m is the slope, so plug in 3 for m.
y - 1 = 3(x +2) Use distributive property for right side of equation
y - 1 = 3x + 6 add 1 to both sides to cancel -1 on left side of equation and isolate y
Equation of line: y = 3x + 7
Letter A is right
Explanation: best of luck
You pick only one letter, so the possible outcomes are:
A,C,O,M,D,T, I, N
if you need to probability of each outcome:
A: 2/13 (there are 2 As and a total of 13 letters)
C: 2/13
O: 3/13
ans so on.
use your calculator to change each fraction to a decimal if needed.
