Answer:
(0,-2)
Step-by-step explanation:
substitute in 0 for x
and solve for y
This would be.
-23√6 all over 6.
Or: around -9.39
To calculate the present value we shall proceed as follows:
from the present value table, the percentage corresponding to discount factor of 0.7008 in 5 years is 7%
therefore using the formula:
FV=PV(1+r/100)^n
where:
FV=$1000
PV=?
r=7%
hence:
1000=PV(1+7/100)^5
PV=1000/(1+7/100)^5
PV=712.986
Divide both sides by 2 to get x>3