Answer:
y=-5/2x+4
Step-by-step explanation:
find the slope by using y2-y1/x2-x1
-1-19/2-(-4)
simplify
-20/8
simplify
-5/2
use slope-intercept form, y=mx+b
since we know the slope, find b
plug in one of the ordered pairs into the equation
-1=(-5/2)(2)+b
simplify
-1= -10/2+b
simplify
-1=-5+b
add 5 to both sides
b=4
plug b into y=-5/2x+b
y=-5/2x+4
Any number to the power of 0 equals 1. Even if the original number is extremely high like 10000000, the value will still equal 1.
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
