Answer: $2936.27
Step-by-step explanation:
Present value = $1663
Rate = 5.5%
Time(n) = 19years
Future value= PV(1+r)^n
= 1663(1+5.5%)^19
= 1663(1.055)^19
=1663 × 2.766
=4599.86
Interest = Future value - Present value
= $4599 - $1663
= 2936
Solutions just means the amount of times the lines intersect, so there are no solutions. Since the lines are parallel, they’re going the exact same direction forever and ever, never intersecting. Hope this helps!
