Hello,
Let's assume x the number
Answer:
y = - 2x - 6
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Calculate m using the slope formula
m = (y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁ ) = (- 2, - 2) and (x₂, y₂ ) = (1, - 8)
m = 
= 
= - 2, thus
y = - 2x + c ← is the partial equation
To find c substitute either of the 2 points into the partial equation
Using (- 2, - 2), then
- 2 = 4 + c ⇒ c = - 2 - 4 = - 6
y = - 2x - 6 ← equation of line
Answer: a. They can find the present value of the remaining 20 years worth of payments.
Step-by-step explanation:
The present value of the payments for the servicing of the loan is the amount of the loan that is still owed because the payments include both the interest and the principal repayments.
The Schmidts can therefore find out the amount they still owe by checking the present value of the remaining 20 years worth of payments.
As the payments are usually constant they can be treated as an annuity so using the monthly payment as the annuity, the interest rate as the discount rate and the 20 years ( 240 months) as the period, they should be able to find the present value of the loan.
This equation would be represented as a No Solution equation. Due to the fact that if you do inverse operation and combine like terms, your variables will cancel out.
