Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:

where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4

The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Answer:
b = 2
Step-by-step explanation:
In order to find the value of b, we have to isolate b on one side of equation first
So,

Multiplying 2 with b-1

Adding 2 on both sides

Dividing by 5 on both sides

So the value of b is 2 ..
Answer:
a is not a linear equation
In slope intercept form this would be equal to y=-7x-8. (remember the 7 is negative!)