Miranda wants to give her 14-year-old daughter $20,000 when she turns 18. How much does she need to put in the bank now if the i
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For this case we have that by definition, the equation of the line of the slope-intersection form is given by:
Where:
m: It is the slope of the line
b: It is the cut point with the y axis
We have the following points:
We find the slope:
Thus, the equation is of the form:
We substitute a point and find b:
Finally, the equation is:
Answer: