Norm has $15,000 to deposit. His daughter is a junior in high school and plans to go to college. Recommend the best way for Norm
to store his money. Note that the interest rates are expressed on an annual basis.
a.
A four-year CD paying 4.8% interest, with a substantial penalty for early withdrawal
b.
An online savings account offering 2.3% interest
c.
A money market account paying 3.5% interest, renewable for three-month commitments
d.
A checking account with no monthly fees
a.
A four-year CD paying 4.8% interest, with a substantial penalty for early withdrawal
b.
An online savings account offering 2.3% interest
c.
A money market account paying 3.5% interest, renewable for three-month commitments
d.
A checking account with no monthly fees
2 answers:
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Answer:
B. y= -4x + 28
Step-by-step explanation:
To find the equation of this line first put it into slope-point form, where
and
are the y and x coordinates and m is the slope. So plug in the information to get the equation, y-8=-4(x-5). Then solve for y,
First, distribute the -4
y-8=-4x+20
Next, add 8 to both sides
y=-4x+28