I hope this helps!
Help me pleasseeeee
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I hope this helps!
For a y-intercept, set in your equation. Remember that a y-intercept intercepts the y-axis, which is found at
. Thus, setting
will give you the place where your equation intercepts the y-axis.
For an x-intercept, do the opposite, set . This is because the x-axis is found at
. Similar to the y-intercept, this will find you the point where your equation intercepts the x-axis.
The due date of the promissory note is May 24th 2013.
Data;
- Present Value (PV) = $3600
- Interest = $370
- Future Value (FV) = PV + I = $3600 + $370 = $3970
To calculate the due date of the note, we can use the formula of future value of the note.
Let's take the natural log of both sides
This is approximately 12 months and 9 days.
The due date of the promissory note is May 24th 2013.
Learn more on promissory note here;