How much money must be deposited today to become $1500 in 40 years at 6.5% compounded continously?
1 answer:
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Answer:
The vertex is the point
Step-by-step explanation:
we know that
The equation of the absolute value in vertex form is equal to
where
a is a coefficient
(h,k) is the vertex
In this problem we have
so
---> the vertex represent a maximum
therefore
The vertex is the point