2 percent of the value of $150,000
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The equation of a line of the slope-intersection form is given by:
Where:
m: It's the slope
b: It is the cut-off point with the y axis
If two lines are parallel then their slopes are equal.
We have the following line:
Thus, the slope of the line is -5.
Therefore a parallel line is of the form:
We replace the point
Finally, the equation is of the form:
Answer:
