The amount of money in the account after 10 years is $278,814.10.
<h3>What will be the value of the account after 10 years?</h3>
The first step is to determine the amount she has left to invest.
Amount invested = amount won - amount spent on vacation
$250,000 - $10,000 = $240,000
The second step is to determine the future value of the account. The formula for calculating future value:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate = 1/5/12 = 0.125%
- m = number of compounding =12
- N = number of years
240,000 x 1.00125^(12 x10) = $278,814.10
To learn more about future value, please check: brainly.com/question/18760477
#SPJ1
Answer:
y = -x - 1
Step-by-step explanation:
y = mx + b
<u>slope (m):</u> Since the line is going downhill, the slope will be negative
slope = rise / run
slope = 1 / 1
slope = 1
m = -1
<u>y - intercept (b):</u> this when x = 0, the line is crossing the vertical line (y-axis)
b = -1
so y = mx + b is
b = -1, m = -1
y = (-1)x + (-1)
It should be A. Normal Distribution.
The best estimate would be (-1)(1/2)(-1)(1)
Why?
(-4/5) = Really close to -1. The fraction -5/5 would = -1
(3/5) = Really close to 1/2
(-6/7) = Really close to -1. It is just -1/7 from being from -1
(5/6) = Really close to 1. It is just 1/6 from being 1
