-2 = -2 because of the slope
Answer:
Best return is 8.9% compounded monthly
Step-by-step explanation:
A = P(1 + r/n)^nt
A = Pe^rt
9.0% compounded annually A = 1000(1 + 0.09/1)^(1)(1) = $1090.00
8.9% compounded annually A = 1000(1 + 0.089/12)^(12)(1) = $1092.72
8.8% compounded continually A = 1000e^(0.088)(1) = $1091.99
Note 8.9% interest compounded continuously nets $0.36 more per year than compounded monthly at the same interest rate.
Well it looks like you just need to get the y axis number and the x axis number and multiple then
2 have solutionsof each way if
