Can someone help me please !???
1 answer:
You might be interested in
Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.
Answer:
Step-by-step explanation:
Equation of a line is given as:
y = mx + b
Where
m is the slope
and
b is the y-intercept (y-axis cutting point)
Since we know slope is -4, we can write:
y= mx + b
y = -4x+ b
Given the point (-2,7) , we can say:
x = -2
and
y = 7
Plugging these 2 values, we can solve for b:
y = -4x + b
7 = -4(-2) + b
7 = 8 + b
b = 7 - 8
b = -1
Now, we have the equation: