The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
Answer:
answer what?
Step-by-step explanation:
Answer:
1. Choice B
2. Choice C
3. X=-2
4. Choice A
5. y = 5/2 x + 5
Step-by-step explanation:
1.
the slope is down 3 over 2 m =-3/2
point slope form
y-y1= m (x-x1)
y-y1 = -3/2 (x-x1)
Choice B
2. (-3,-1) (1/2,2)
slope = (y2-y1)/(x2-x1)
m=(2--1)/(1/2--3) = (2+1)/(1/2+3) = 3/(3.5) = multiply top and bottom by 2
m = 6/7
point slope form
y-y1 = m(x-x1)
y--1 = 6/7 (x--3)
y+1 =6/7 (x+3)
multiply by 7
7y+7 = 6(x+3)
7y+7 = 6x+18
subtract 7y from each side
7 = 6x-7y+18
subtract 18 from each side
-11=6x-7y
Choice C
3. x=-2
This is a vertical line, the value of x never changes
4. (-1,2) (1,-4)
slope =(y2-y1)/(x2-x1)
= (-4-2)/(1--1) = -6/(1+1) = -6/2 = -3
point slope form
y-y1 = m(x-x1)
y-2 = -3(x--1)
y-2 = -3(x+1)
y-2 = -3x-3
add 2 to each side
y = -3x-1
Choice A
5. (-2,0) (0,5)
the y intercept is 5
slope is change in y over change in x
slope =(y2-y1)/(x2-x1) = (0-5)/(-2-0) = -5/-2 = 5/2
slope intercept form
y= mx+b
y = 5/2 x + 5
