The equation for this is:
F = P(1+i)ⁿ
where
F is the present accounts balance
P is the initial deposit
i is the interest rate
n is the number of months
The interest rate is nominal which is 2.9% per year compounded monthly. Since there are 12 months in a year, that is equal to an effective interest rate of 0.24167% per month compounded monthly (i = 0.0024167). In 9 years, there are a total of 108 months, so n=108.
<span>$2033.88 = P(1+0.0024167)</span>¹⁰⁸
P = $1567.147
25 + 6 - 15 + 25 - 10 + 14 - 21
31 - 15 + 25 - 10 + 14 - 21
16 + 25 - 10 + 14 - 21
41 - 10 + 14 - 21
31 + 14 - 21
45 - 21
24
Answer:f(x)=3
Step-by-step explanation:
1.3-slope
6/3 just divide if you need to put it in a decimal-A
6/9 again you can just divide to get the decimal-green line
7/12-a the graph
-6/4 -b
