Answer:
-1
Step-by-step explanation:
See Image below:)
Answer:
Step-by-step explanation:
The initial vale is when x = 0
- That is 75,
The growth factor is 2%.
Answer:
<h2>
<em>−2.832</em></h2>
I hope this helps you! :)
Answer:
27 years
Step-by-step explanation:
The formula for the number of payments can be used:
N = -log(1 +0.05(1 -1000000/65000))/log(1.05) +1 = 27.03
There will be a couple thousand dollars left after the 27th payment.
The winnings will last 27 years.