-What is the future value of a $1,000 annuity payment over five years if interest rates are 9 percent?
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Answer:
y = 5x + 10
Step-by-step explanation:
From the information given, we can derive the points (-2, 0) and (0, 10). Find the slope using the slope formula:
Plug in the points:
Simplify:
m = 5.
The equation in slope-intercept form is y = mx + b. We were already given the b value, or y-intercept as y = 10. Therefore:
y = 5x + 10 is the equation written in slope-intercept form.
