Find the equation of the line specified. The line passes through the points ( 5, 2) and ( 6, 4) a. y = 2x - 8 c. y = 2x + 12 b.
2 answers:
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Answer:
The solutions are and
Step-by-step explanation:
we have
Divide by both sides
------>
we know that
The formula to solve a quadratic equation of the form is equal to
in this problem we have
so
substitute
Given:
• Amount to save, A = $28,000
,• Time, t = 6 years
,• Interest rate, r = 5.3% ==> 0.053
,• Number of times compounded = quarterly = 4 times
Let's find the amount that must be deposited into the account quarterly.
Apply the formula:
Where:
FV is the future value = $28,000
r = 0.053
n = 4
t = 6 years
Thus, we have:
Let's solve for P.
We have:
Solving further:
Divide both sides by 28.0384237:
Therefore, the amount that must be deposited quarterly into the account is $998.60
ANSWER:
$998.60