The slope of the line is -23
<h3>How to determine the
slope of the
line?</h3>
The line’s equation is given in point-slope form:
y − 6 = (−23)(x + 6)
The line’s equation in point-slope is represented as:
y − y1 = m(x - x1)
Where
m represents the slope
By comparing y − y1 = m(x - x1) and y − 6 = (−23)(x + 6), we have
m = -23
Hence. the slope of the line is -23
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Answer:
Rate = 10.4%
Step-by-step explanation:
Given :
P = $30000
A = $42520
Interest earned = 42520 - 30000 = $12520
Time = 4years
<em><u>Find R </u></em>
Round to 1 decimal place, Rate = 10.4%
The balance in Yolanda's saving plan after 14 years is; $9,455.36
<h3>How to calculate future value?</h3>
We want to find the balance in Yolanda's saving plan after 14 years.
For Yolanda;
PV = 0
PMT = 250
i% = 4%/12 = 0.33%
N = 14 yrs * 12 = 168
FV = ?
For Zach:
PV = 0
PMT = $3300
i% = 4%
N = 14 yrs
FV = ?
From online future value calculator, we have;
Yolanda FV = $9,455.36
Zach FV = $47,204.19
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It's the identity equation so
