I have $1500 to invest in an account that pays 1.25% compounded continuously. How much money will I have after 10 years?
1 answer:
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Step-by-step explanation:
<h2>Find slope-intercept structure </h2>- y=
- m=2/3, b=-8/3
- therefore the slope will be 2/3
To find y-intercept
- let x=0
- 2(0)-3y=8
- -3y=8
- y=-3/8
To find x-intercept
- let y=0
- 2x-3(0)=8
- 2x=8
- x=4
