You invest $75/ quarter at a rate of 4.00% APR compounded monthly for 30 years.
1 answer:
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Answer:
x = - 8
Step-by-step explanation:
Calculate m using the slope formula and equate, since parallel lines have equal slopes.
m = (y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁ ) = (- 4, 5) and (x₂, y₂ ) = (x, - 13)
m = =
and equating
=
( cross- multiply )
9(x + 4) = - 36 ( divide both sides by 9 )
x + 4 = - 4 ( subtract 4 from both sides )
x = - 8