Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
Answer: I believe the 23rd, but if its in 10 years I must be wrong
I graphed the equation, but replaced t with x
In any linear equation the coefficient of the x-term represents ALWAYS the slope.
So it is B. The slope of the line
When looking at a graph, discrete data will have all the pints connected so it will look something like the 1st picture that I provided. Something that is discrete can not be broken down into decimals or fractions so we usually say discrete things can be counted.
On the other hand, continuous data is usually things that we associate with measuring. These types of graph will have dots all over them and they can have fractions and decimals in them.
-6
You would divide -4.3 on both sides. Since -4.3 divided by itself equals 1 the g will be isolated. So the answer would be -6 because 25.8 divided by -4.3 is -6.
