Answer:
( 4, 0 ) and ( 0,-8 )
Step-by-step explanation:
→ Rearrange into y = mx + c format
4x - 2y = 16
→ Minus 4x from both sides
-2y = -4x + 16
→ Divide everything by 2
-y = -2x + 8
→ Multiply everything by -1
y = 2x - 8
→ Substitute x = 0 to find the y-intercept and y = 0 to find the x intercept
x = 0 then y = -8 so ( 0,-8 )
y = 0 then x = 4 so ( 4, 0 )
Assuming he had not dealt with the bank offering plan B before, he has nothing deposited two years back. Hence plan B only gives him only 0.2% annual interest for his deposit.
Plan A gives 0.25% for his deposit all the time.
So plan A is more advantageous.
For durations,
To reach $1,000,000 from $100,000, the money needs to grow 10 fold, or
(1+i)^n=10
n=log(10)/log(1+i).
So for plan A:
n=log(10)/log(1.0025)=922.18 years, while for
plan B
n=log(10)/log(1.0020)=1152.44 years.
Hope the bank(s) still exist at that time.
Amanda purchased a 30 year $10,000 bond at par value with a 4% coupon.
We find the coupon amount each year
Coupon amount = actual amount of bond * 4%
= 10,000 * 0.04 = 400
Coupon amount for every year = 400
Total value of coupons for 30 years = 400 * 30 = 12000
$12,000 is the total value of the coupons
