The point (2, –4) is reflected across the line y = –1. What are the coordinates of the image?
2 answers:
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Answer:
0.2682 or 26.82%
Step-by-step explanation:
The monthly interest rate (r) that your friend is willing to pay is:
The following expression converts a monthly interest rate (r) into an annual interest rate (i):
For r = 0.02:
Your friend is willing to pay an annual rate of 0.2682 or 26.82%.