Answer:
east to west i think im not too sure
Answer:
$110.37
Step-by-step explanation:
Assuming the monthly payment is made at the beginning of the month, the formula for the monthly payment P that gives future value A will be ...
... A = P(1+r/12)((1+r/12)^(nt) -1)/(r/12) . . . . n=compoundings/year, t=years
... 14000 = P(1+.11/12)((1+.11/12)^(12·7) -1)/(.11/12)
... 14000 = P(12.11)((1+.11/12)^84 -1)/0.11 ≈ P·126.84714 . . . . fill in the given values
... P = 14000/126.84714 = 110.37 . . . . . divide by the coefficient of P
They should deposit $110.37 at the beginning of each month.
The slope of the given line is the coefficient of x, 3/5. The slope of the perpendicular line will be the negative reciprocal of that: -1/(3/5) = -5/3.
The point-slope form of the equation for a line of slope m through point (h, k) can be written ...
... y = m(x -h) +k
For your point and the slope found above, this becomes
... y = (-5/3)(x -15) -5
When x=0, this is
... y = (-5/3)(-15) -5 = 20
The y-intercept is 20.