Using the present value formula find how much you should invest now at 5.9% interest, compounded annually in order to have $10,0
1 answer:
You might be interested in
Answer:
y = 10x - 2
Step-by-step explanation:
From the table attached,
Let the equation of a line passing through two points and
is,
y = mx + b
Here, m = slope of the line
b = y-intercept
Since, m =
Slope of the line passing through (0, -2) and (1, 8) will be,
m =
m = 10
y-intercept 'b' = -2 [Output value at x = 0]
Therefore, equation of the line will be,
y = 10x - 2