Answer:
y = -3/4(x+4)
Step-by-step explanation:
The point slope formula is given by
y-y1 = m(x-x1)
where m is the slope and (x1,y1) is a point on the line
y-0 = -3/4(x - -4)
y = -3/4(x+4)
Divide both sides by 2
q = 0.04
Answer:
decimal form: 6.83333333333 or 6.83
fraction form: 6 1/5
Answer:
PV= $40,279.36
Step-by-step explanation:
Giving the following information:
Number of periods= 8*12= 96 months
Interest rate= 0.039/12= 0.00325
Future value (PV)= $55,000
<u>To calculate the initial investment, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 55,000 / (1.00325^96)
PV= $40,279.36
