1 answer:
Hey there! I'm happy to help!
Lines that are parallel have the same slopes because they are increasing or decreasing at the same rate and therefore will never bump into each other.
We see that y=2 has a slope of 0 because there is no x that we can see in the equation. This is just a flat line.
If the line we are looking for is flat; it stays at the same y-value the entire time. We see that the y-value for this line of ours is -6. Therefore, the answer is C. y=-6.
I hope that this helps! Have a wonderful day!
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Answer:
The monthly payment is $262.95
Step-by-step explanation:
* Lets explain how to solve the problem
- Omar has decided to purchase an $11,000 car
- He plans on putting 20% down toward the purchase
* Lets find the value of the 20%
∵ The principal value is $11000
∴ the value of the 20% = 20/100 × 11000 = 2200
∴ He will put $2200 down
* Lets find the balance to be paid off on installments
∴ The balance = 11000 - 2200 = 8800
- He financing the rest at 4.8% interest rate for 3 years
* Lets find the rule of the monthly payment
∵ , where
- pmt is the monthly payment
- P = the investment amount
- r = the annual interest rate (decimal)
- n = the number of times that interest is compounded per unit t
- t = the time the money is invested or borrowed for
∵ P = 8800
∵ r = 4.8/100 = 0.048
∵ n = 12
∵ t = 3
∴
∴
* The monthly payment is $262.95