Suppose you buy a CD for $1000 that earns 2.5% APR and is compounded quarterly. The CD matures in 5 years. Assume that if funds
2 answers:
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Take the number (63) and then divide it with 100, this gives you 1%. Then you want to multiply with with 15 in order to get 15%. The answer becomes:
<h2>Answer: y + 7 = -3 (x - 1)</h2>
Step-by-step explanation:
The slope of the line (m) = (y₂ - y₁) ÷ (x₂ - x₁)
= (- 7 - 8) ÷ ( 1 - (- 4))
= - 15 ÷ 5
= - 3
We can now use the point-slope form to write the equation for this line:
y - y₁ = m(x - x₁) where (x₁ , y₁) = (1, -7)
y - (-7) = -3 ( x - 1)
y + 7 = -3 (x - 1)