If julie invests $9,250 at a rate of 7%, compounded weekly l, find the value of the investment after 5 years
1 answer:
Total = Principal * (1 + rate/n)^n*years
where n = number of compounding periods per year
Total = 9,250 * (1 + (.07/52))^52*5
Total = 9,250 * (1<span>.0013461538</span>)^260
Total = 9,250 * <span> <span> <span> 1.418733571 </span> </span> </span>
Total = <span> <span> <span> 13,123.2</span></span></span>9
Source:
http://www.1728.org/compint3.htm
where n = number of compounding periods per year
Total = 9,250 * (1 + (.07/52))^52*5
Total = 9,250 * (1<span>.0013461538</span>)^260
Total = 9,250 * <span> <span> <span> 1.418733571 </span> </span> </span>
Total = <span> <span> <span> 13,123.2</span></span></span>9
Source:
http://www.1728.org/compint3.htm
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Answer:
y = x + 2
Step-by-step explanation:
Assuming you require the equation of the function.
The slope m is a measure of the rate of change of the function.
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Here m = , thus
y = x + c ← is the partial equation
To find c substitute (10, 10) into the partial equation
10 = 8 + c ⇒ c = 10 - 8
y = x + 2 ← equation of function