To solve the problem we use the compound formula given by:
A=p(1+r/100)^n
where:
A=future amount:
p=principle
r=rate
A=1000000, r=11.6%, n=40
plugging the value in the formula we get:
1000000=p(1+11.6/100)^40
solving for p we get:
1000000=80.6432p
p=12400.300
rounding to the nearest 1000 we get
p=$12000
Answer:
<span>A.) 12,000</span>
Answer:

OR

Step-by-step explanation:
Hi there!
Point-slope form:
where <em>m</em> is the slope of the line and
is a given point
Given that the slope is -3/4, we can plug it into
as <em>m</em>:

We can also plug in the given point (1,2):

Slope-intercept form:
where <em>m</em> is the slope and <em>b</em> is the y-intercept (the value of y when the line crosses the y-axis)
To write the equation in slope-intercept form, isolate <em>y</em>:

I hope this helps!
Answer:
C
Step-by-step explanation: