Simplify the expression11x+9-7=?
2 answers:
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Answer:
$501,049.37
Step-by-step explanation:
For computing the amount after 22 years we need to applied the future value which is shown in the attachment below:
Given that
PMT = $9,000
NPER = 22 years
Annual rate = 0.078
Quarterly= 0.078 ÷ 4 = 0.0195
Effective annual rate = (1.0195^4) - 1 = 0.0803113041
Now applied the formula which is given below
= -FV(RATE;NPER;PMT;PV)
After applying the above formula, the future value is $501,049.37
Answer:
Using the point-slope form:
The equation of the line is given by:
.....[1] where
m is the slope of the line and is the point on the line.
As per the statement:
Given: Two points i,e (34, 76) and (42, 91)
First calculate slope(m):
Slope is given by:
Substitute the given values we have;
Now, substitute the value of m and (34, 76) in [1] we have;
Using distributive property:
Add 76 to both sides we get;
Therefore, the equation of the trend line is: