What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded
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Let's assume
x is number of hours worked
y is amount paid
Since, this is linear relationship
We can select any two points
(2,36.50) and (4,73)
so, we can also write as
x1=2 , y1 =36.50
x2=4 , y2=73
Firstly, we can find slope
we can plug values
now, we can use point slope form of line
we can plug values
now, we can solve for y
or
..............Answer