b. What would be the new account balance in five years at a 5.12% if the interest was compounded monthly?
1 answer:
You might be interested in
Answer:
b.) 2
Explanation:
Parallel slopes have same slope.
Perpendicular slopes have negatively inverse slope.
Comparing it with slope intercept form, "y = mx + b" where m is slope.
Here parallel slope: -1/2
Perpendicular slope: -(-1/2)⁻¹ = 2