Answer: $59313.58
Step-by-step explanation:
We know that formula we use to find the accumulated amount of the annuity ( ordinary annuity interest is compounded ) is given by :-
, where A is the annuity payment deposit, r is annual interest rate , t is time in years and n is number of periods.
Given : Annuity payment deposit :A= $4500
rate of interest :r= 6%=0.06
No. of periods : m= 1 [∵ its annual]
Time : t= 10 years
Now we get,
∴ the accumulated amount of the annuity= $59313.58
Here, we have to examine the equation of the straight line which is denoted by: y = m x +c where "m" is the slope which represents the steepness and c is the y-intercept
Here, the two linear functions have the same slope "m" and the same y-intercept "c". When both these are the same, the two linear functions are representing the same straight line.
Therefore, Jeremy is correct in his argument.
That’s confusing do you know the formula your supposed to use?
Answer:
it cannot be simplified
Step-by-step explanation:
