Answer:
Slope = -1
Step-by-step explanation:
Slope (m) =
m =
m=
m = -1
Answer:
the total price of the CD, including tax is $14.31
Step-by-step explanation:
The computation of the total price of the CD including tax is shown below:
= Sale price - off percentage + sales tax
= $15 - ($15 × 10%) + 6% of the remaining value
= 15 - $1.5 + 6% of the remaining value
= $13.50 + 6% of $13.50
= $13.50 + $0.81
= $14.31
Hence, the total price of the CD, including tax is $14.31
The total balance in Raul's account after 40 years when he retires is $65,714.90.
<h3>What is the total balance?</h3>
The formula that can be used to determine the balance of the accout is: monthly amount saved x annuity factor.
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 1.5/12
- n = number of periods = 12 x 40 = 480
$100 x [(1.00125^480) - 1 ] / 0.00125 = $65,714.90
Here is the complete question:
Raul is a saver. He sets aside $100 per month during his career of 40 years to prepare for retirement. He does not like the idea of investing because he prefers to minimize his risk as much as possible, so he puts his money in a savings account which earns 1.5% interest per year. What is the balance in the account after 40 years?
To learn more about annuites, please check: brainly.com/question/24108530
Answer:
The first question would likely be y=10.
The second question would likely be x=20.