Answer:
$1445.11
Step-by-step explanation:
The formula to use would be:
Where
F is the future amount (what we want to find)
P is the present (principal) amount (this is 400)
r is the rate of interest, monthly (1.8% or 0.018)
t is the time in months (6 years = 6 * 12 = 72)
Now substituting, we get:
After 6 years, the CD will be worth $1445.11
Answer:
no you dont
Step-by-step explanation:
The slope of this line is -1/6.
2 Point: (6,2) (-6,6)
x₁ y₁ x₂ y₂
Remember:
rise change in y y₂ - y₁ 6 - 2 4
---------- = ------------------- = ------------- = ----------- = ----------
run change in x x₂ - x₁ -6 - 6 -12
Simplify 4/-12
4 ÷ 4 1
------- = ------------- = -1/3
-12 ÷ 4 -3
The slope of the line is -1/3.
