10 - 2x = 120
120 + 10 = 130
130 / 2 = 65
x = 65
2(65) - 10 = 120
Answer:
It will take about 35.439 years to triple.
Step-by-step explanation:
Recall the formula for continuously compounded interest:

where "A" is the total (accrued or future) accumulated value, "r" is the rate (in our case 0.031 which is the decimal form of 3.1%), "P" is the principal, and "t" is the time in years (our unknown).
Notice also that even that the final amount we want to get is three times $48,000. So our formula becomes:

Now,in order to solve for "t" (which is in the exponent, we use logarithms:

Answer:
The yield to maturity is 6.3974%
Step-by-step explanation:
The computation of the yield to maturity is as follows
Given that
NPER = 18 × 2 = 36
PMT = $1,035.25 × 6.50% ÷ 2 = $33.65
PV = $1,035.25
FV = $1,000
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
AFter applying the above formula, the yield to maturity is
= 3.1987% × 2
= 6.3974%
Hence, the yield to maturity is 6.3974%
Answer:
Please see the attached picture ! :D
-------- HappY LearninG <3 ----------
The solution is the point where the two lines intersect (are equal) so y=y and we can say:
6-x=-10-x upon adding x to both sides:
6=-10
This is never true so there is no solution to this system of equations. And for this to be true the two lines must be parallel and have different y-intercepts...