Select the correct answer.
2 answers:
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Answer:
Present value = $4,122.4
Accumulated amount = $4,742
Step-by-step explanation:
Data provided in the question:
Amount at the Start of money flow = $1,000
Increase in amount is exponentially at the rate of 5% per year
Time = 4 years
Interest rate = 3.5% compounded continuously
Now,
Accumulated Value of the money flow =
The present value of the money flow =
=
=
=
= 1000 × [70.7891 - 66.6667]
= $4,122.4
Accumulated interest =
=
= $4,742
Answer:
A
Step-by-step explanation:
The equation of a line passing through the origin is
y = mx ( m is the slope )
To find m use the slope formula
m = ( y₂ - y₁ ) / ( x₂ - x₁ )
with (x₁, y₁ ) = (1, 1) and (x₂, y₂ ) = (- 1, - 1) ← 2 points on the line
m = =
= 1
y = x ← is the equation of the line → A