Answer:C
Step-by-step explanation:
Answer:
Step-by-step explanation:
Mrs. Siebenaller bought a bus for 25,000 with a 7% interest rate and she gets a loan payoff of 60 months,
We know that,
![\text{PV of annuity}=P\left[\dfrac{1-(1+r)^{-n}}{r}\right]](https://tex.z-dn.net/?f=%5Ctext%7BPV%20of%20annuity%7D%3DP%5Cleft%5B%5Cdfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%5Cright%5D)
Where,
PV = Present value of annuity = 25000,
r = rate of interest of each period = 
% monthly
n = number of periods = 60 months,
Putting the values,
![\Rightarrow 25000=P\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]](https://tex.z-dn.net/?f=%5CRightarrow%2025000%3DP%5Cleft%5B%5Cdfrac%7B1-%281%2B%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B-60%7D%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D)
![\Rightarrow P=\dfrac{25000}{\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]}](https://tex.z-dn.net/?f=%5CRightarrow%20P%3D%5Cdfrac%7B25000%7D%7B%5Cleft%5B%5Cdfrac%7B1-%281%2B%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B-60%7D%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D%7D)
Hence total amount paid is,
Therefore interest amount is,
The y intercept is 2, because that is the value of y when it crosses the y axis.
Since the line is pointing down, it has a negative slope, and since the y value goes down 2 for every 3 x values, the slope is -2/3. You should always right the slope in rise/run form, or change in y/change in x.
Finally, write the equation in the form of y=mx+b, where m is the slope and b is the y intercept. This means the equation of the line is y=-2/3x+2.
Answer:
I also need the same help :(((
Step-by-step explanation:
