You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 15 years how much money will you need to in
1 answer:
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Answer:
(1/4, 5 7/8)
Step-by-step explanation:
The vertex is the extreme point of the graph. Here, it is a minimum.
For this quadratic function, a graphing calculator can tell you exactly what the vertex is. (No approximation is required.)
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The graphing calculator in the attachment shows the vertex is ...
(0.25, 5.875) = (1/4, 5 7/8)
